Fake Currency Racket: NIA Seeks Case Details


SRINAGAR: National Investigation Agency (NIA) has sought records about the fake currency racket that Jammu and Kashmir police claimed to have busted in Srinagar city recently. 

NIA has also asked State Police to furnish details about the 14 accused that have been arrested with regard to this racket.

Pertinently, On March 11, the police had arrested 14 members of a fake currency racket operating across the valley. Rs. 8,85,000 fake currency was also recovered from the accused. The Court has already rejected bail plea of these accused last week while police sources said that police has slapped one more section 120 B of RPC on the accused to foil their bid to get the interim bail. Soon after their arrest, police accordingly registered a case vide FIR number 29/2014 under section 489B/C RPC was registered in Police Station Ram Munshi Bagh.

A top NIA official told CNS that the Agency has sought the details of the case from the police and if need arises it will thoroughly investigate the case. “

“Initial reports suggest that the accused were involved in “anti-national activities” and the alleged kingpin in the racket has confessed that fake currency was being pumped from across the border to shatter the economy of the country. It is a serious matter and we have sought the details of the case as well as the records of the accused,” he said. 

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