Govt collected fake notes with face value Rs. 13.87cr post-demonetization
What's the story
Fake notes with a face value of Rs. 13.87cr were seized in states bordering Nepal, Pakistan and Bangladesh from November 09, 2016 till June 30, 2018 post-demonetization, as per NCRB data, Minister of State for Home Affairs Hansraj Gangaram Ahir informed Lok Sabha.
The highest seizure of over Rs. 5.94cr was reported from Gujarat, followed by Rs. 2.19cr in UP, Rs. 2cr in WB.
Terrorist Act
Smuggling, circulation of fake currency is a Terrorist Act
Citing steps taken by the government to curb fake notes smuggling, Ahir said the production/smuggling/circulation of fake currency was made a Terrorist Act under the Unlawful Activities (Prevention) Act, 1967.
He said FICN Coordination Group (FCORD) was formed by the MHA to share intelligence/information among the different security agencies of the state/Center to counter the problem of circulation of fake currency notes in India.
Terror funding
TFFC was constituted to investigate terror funding: Ahir
"A Terror Funding and Fake Currency Cell (TFFC) has also been constituted in the NIA to investigate terror funding and fake currency cases," Ahir said.
The minister said the steps include strengthening security at international borders by using new surveillance technology, deploying additional manpower for round the clock surveillance, establishing observations posts along the international border, erection of border fencing, and intensive patrolling.