Fake notes with face value of Rs 59 lakh seized in 3 yrs: Sinha
Government has seized fake currency notes having a face value of Rs 59.83 lakh which has linkage to Pakistan in three fiscal years to FY 2015, Parliament was informed on Tuesday.
New Delhi: Government has seized fake currency notes having a face value of Rs 59.83 lakh which has linkage to Pakistan in three fiscal years to FY 2015, Parliament was informed on Tuesday.
Replying to a question whether it was a fact that counterfeit Indian currency is being sneaked into the country from Pakistan, Minister of State for Finance Jayant Sinha in a written reply in Rajya Sabha said, "Yes"
Giving details he said fake Indian currencies with a face vlaue Rs 24.93 lakh were seized from Munabao village in Barmer district of Rajasthan bordering Pakistan in 2012-13.
In 2013-14, fake notes with a face value of Rs 30.01 lakh were seized from Krishnagar in West Bengal and Delhi.
In 2014-15 (till October), again counterfeits with a face value of Rs 4.89 lakh have been seized in 2014-15 from Malda district in West Bengal.
Giving details of action taken in these cases, the Minister said government has taken steps involving complete confiscation in some cases, investigation, arrest of a Pakistani national as well as issuance of show cause notices.
In the case of arrest of a Pakistani national in 2012-13, the minister said that a prosecution complaint was filed against him.
The Indian banking system detected over 2.52 lakh pieces of counterfeit notes of Rs 500 denomination in FY 2014 as against the 2.81 lakh the year before. The number of Rs 1,000 denomination fake notes rose to 1.10 lakh as against the 98,459 in the preceding year, according to a study by Reserve Bank.