Question : Circulation of Fake Currency Notes

(a) whether it is a fact that counterfeit currency notes are being smuggled from across the border on a large scale;

(b) if so, the details thereof and the quantum of fake currency seized at the borders in denominations of 2000 and 500 by the security forces so far;

(c) whether it is true that circulation of fake currency is rampant in the country;

(d) the total estimated fake currency in circulation in the country;

(e) whether the Government has received complaints of involvement of various militant outfits and other agencies in the circulation of fake currency in the country and if so, the details thereof; and

(f) the measures taken to check circulation and smuggling of fake currency in the country?

MINISTER OF STATE IN THE MINISTRY OF HOME AFFAIRS
(SHRI HANSRAJ GANGARAM AHIR)

(a) to (f): As per the data provided by National Crime Records Bureau (NCRB), the quantum of Fake Indian Currency Notes (FICN) of Rs.2000 and Rs.500 seized during the year 2017 and 2018 (Up to 28.02.2018) in the bordering states is at Annexure.

Intelligence and security agencies of Centre and States keep a close watch on the elements involved in the circulation of fake currency in the country and take action on any reported violation of law.

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LS.US.Q.NO. 5198 FOR 27.03.2018

The Government has taken various measures to check the smuggling and circulation of FICN into the country, which inter alia, include:-
i) The Unlawful Activities (Prevention) Act, 1967 criminalises the production or smuggling or circulation of High Quality Fake Indian paper currency, coin or any other material as a terrorist act.

ii) FICN Coordination Centre (FCORD) has been formed by the MHA to share intelligence/information among the different security agencies of the state/centre to counter the problem of circulation of fake currency notes in the country. A Terror Funding and Fake Currency Cell (TFFC) has also been constituted in NIA to investigate terror funding and fake currency cases.

iii) A Memorandum of Understanding (MoU) has been signed between India and Bangladesh to prevent and counter smuggling and circulation of fake currency notes.

iv) Strengthening the security at the international borders by using surveillance technology, deploying additional manpower for round the clock surveillance, establishing observation posts along the international border, erection of border fencing and intensive patrolling is also being done.




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