FICNs: Supply Uninterrupted

Aug 21, 2018, at 03:16 pm

On August 7, 2018, a team of National Investigation Agency (NIA), Mumbai Branch, seized Fake Indian Currency Notes (FICNs) worth INR 434,000 from the possession of three persons at Aluru in Bengaluru in Karnataka. The arrestees were in possession of 217 FICNs, all in denomination of INR 2,000, which were, according to an NIA release “similar to genuine Indian Rs 2,000/- [INR 2,000] notes and it is difficult for a common man to differentiate whether the notes are counterfeit or genuine. It is suspected that the counterfeit notes have been printed and smuggled from across the border.”