Fake Currency of Rs. 2000 denomination worth Rs. 48,000 seized from Mathura

Fake Currency

It is not even a year to the demonetisation act by the PM and fake currency has already started doing the rounds. The initiative taken to curb counterfeiting and put an end to black money has been seriously challenged by the counterfeiters.

Police arrested two brothers Shakir and Zahid on Wednesday night, who possessed fake currency worth Rs. 48,000 in 2000-rupee denomination notes in Mathura. Unfortunately, they could not lay their hands on the supplier as he escaped before the police could arrive. The brothers are now being investigated by the Anti-Terrorism Squad and the National Investigation Agency (NIA).

The government has been actively trying to abolish the supply chain of counterfeit currency but got little success as only a few were arrested and the real culprits are still absconding.

According to SSP Mathura Swapnil Mamgai, Zahid runs a general store in Mathura while his brother-in-law Aas Mohammed alias Asu operated this fake currency racket from Kosi Kalan in Mathura.

Asu had given these counterfeit notes to Shakir and Zahid to circulate them in the market and promising that he would give them more if they succeeded in circulating the current batch in Mathura. Asu fled as soon he got the news of arrest of the brothers.

‘Asu’s current location is believed to be Kolkata which means that the counterfeit currency was being brought by West Bengal,’ said R.P. Singh, inspector at Govind Nagar Police station.

According to social activist Mohd. Yaseen, these notes are being smuggled from Bangladesh and it is clearly evident that the kingpin operates from there only. He further added that the government should exert pressure on the Bangladeshi government to end the supply chain of fake currency to India and should withdraw Rs. 2000 note as it has proved to be the easiest currency to copy by counterfeiters’ due to its poor paper and ink quality.

The news comes as a demotivation for people who thought that demonetisation will put a full stop to the black money. It will not be wrong to say the action that shook the country did not achieved its purpose completely.