Fraud, even in fake currency note racket!

Human greed has no bounds.
Fraud, even in fake currency note racket!

STAFF REPORTER

GUWAHATI: Human greed has no bounds. This has been proved by the fact that even people involved in the counterfeit note racket are getting cheated!

In their search for a missing person from Arunachal Pradesh, Dispur police unearthed a fake Indian currency note (FICN) racket in Guwahati on Saturday. The man from Arunachal Pradesh, Tahong Gao, went missing after boarding a cab from Ganeshguri. Upon investigation, police found out that Gao had come to Guwahati with Rs 5 lakh to take fake notes with a face value of Rs 10 lakh. However, the fake note racketeers looted him. They gave him bundles of notes. Only a few notes at the top and the bottom of the bundles were fake notes while the rest were only plain white paper!

This is not the first instance when people buying FICN notes have been looted. In April, counterfeit currency notes of face value Rs 15 lakh were seized from the Gorchuk area. Only a few notes were FICN while the rest were white paper. Similar cases were reported in February when fake currency notes were seized in Khanapara and in May when counterfeit notes were seized in Jorabat.

Sources said that fake note racketeers exploit people's greed for money to loot them. People greedy for more money strike a deal with fake note racketeers. They pay a substantial amont of money to buy the fake currency notes but they are looted by the fake note racketeers.

Sources also added that in many cases where FICN were seized, printing machines were also recovered. Most of the printing machines were crude, hand-made machines. Sources further said that fake Indian currency notes usually enter India through Nepal, Bangladesh and Pakistan.

According to the figures of the National Crime Records Bureau (NCRB), in 2018, 6,262 fakes notes of face value Rs 28,96,280 were seized in Assam; in 2019, 1,775 FICN of face value Rs 12,17,850 were seized while in 2020, 1,156 FICN of face value Rs 6,45,500 were seized in the State. The NCRB has not released the figures of 2021.

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