Police-raid six locations for printing fake Indian currency notes in Mumbai and Thane

Mumbai – The National Investigation Agency (NIA) on Wednesday recovered several incriminating materials during searches at half a dozen locations in Mumbai in the 2021 Naupada case relating to seizure of high quality fake Indian currency notes (FICN). NIA informed on 11th May about Pakistan’s printing FICN to crash Indian Economy through a press release.

The recovery included sharp edged weapons, digital devices and documents, which is a strong corroboration of NIA’s earlier investigational findings establishing a direct connection with the D-Company in the fake currency racket. Thus the role of the D-Company has been prima facie established in the circulation of FICN in India during the NIA investigation into the case.

The case related to the seizure of counterfeit Indian currency notes of Rs. 2,000/-denomination. Two persons were arrested in the case, originally registered at the Naupada Police station, Thane City, Maharashtra on 18th November 2021, under relevant sections of IPC and the Unlawful Activities (Prevention) Act, 1967. The accused, identified as Riyaz and Nasir, both residents of Mumbai, are currently in judicial custody.

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NIA raids six locations in Mumbai, points at 'D-Company' role in fake currency notes seizure case#Mumbai #NIA #Raid #CurrencyNotes #SeizureCase https://t.co/r5LcmWF7S5

— Mid Day (@mid_day) May 11, 2023

The Thane Police had carried out searches and also charge-sheeted the accused in the high-profile case, which was taken over by the NIA and re-registered as RC-01/2023/NIA/Mum) on 7th February 2023.

On Wednesday, the NIA raided several properties of the accused and suspects, mostly houses and offices, as part of its continuing investigations in the case.

Editorial perspective

The accused involved in crashing the Indian economy should be punished severely. The network of this fake currency system should also be destroyed completely.