AP police plan against fake currency operators

Hyderabad: Andhra Pradesh police, with the help of Enforcement Directorate (ED), is contemplating to attach properties of the members of the gangs involved in the circulation and smuggling of Fake Indian Currency Notes (FICN) in the state. "Circulation of Fake Indian Currency Notes (FICN) in the state has become a challenge for the state police, but the situation is not so alarming. We wanted to take more deterrent measures to curb it," Inspector General of Police (CID) Jitender told PTI.

"However, the situation was definitely a challenge for us. Since the state police is vigilant and careful, a number of gangs, involved in the circulation of FICN were detected in a year," the IGP said adding that cases of fake currency of various denominations, at the face value of Rs one crore, were detected and reported annually.

"We have written to the ED, which sought information about the FICN cases reported in the state. We have also asked the central agency to register cases under the Prevention of Money Laundering Act (PMLA) against those, who were allegedly involved in the circulation and smuggling of fake currency, as it is one of the scheduled offences, so that whatever properties they have purchased with this money, can be attached," the IGP said.

Besides the ED, the state police is also coordinating with the National Investigation Agency (NIA), Intelligence Bureau (IB) and Reserve Bank of India (RBI) to curb the circulation of fake currency in the state, he said.

Most of the gang members, involved in the smuggling of fake currency, belonged to West Bengal, Jitender said, adding that the state police have already written to the Director General of Police and Additional DGP (CID) in that state to take concrete measures against the menace, he said.