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Fake Rs 2,000 currency notes surfaced 53 days after demonetisation: NCRB

Fake Rs 2,000 currency notes surfaced 53 days after demonetisation: NCRB

Currency-notes

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The Rs 2,000 notes were part of the 281,839 fake notes of various denominations recovered from different locations across India

Demonisation may have been adopted with an aim to banish black money, counter-terror financing and remove counterfeit currency, but it wasn't long before fake currency notes of Rs. 2,000 started circulating around the nation after just 53 days of its commencement.

According to data released by National Crime Records Bureau’s (NCRB) on November 30, around 2,272 fake notes of Rs. 2,000 were seized in 2016, shortly after demonetization was implemented.

Around 1,300 notes were seized from Gujarat, 548 from Punjab, 254 from Karnataka, 114 from Telangana, 27 from Maharashtra, 8 from Madhya Pradesh, 6 from Rajasthan and 3 from Andhra Pradesh, Arunachal Pradesh and Haryana each.

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Jammu and Kashmir and Kerala accounted for two fake notes each. One such note was seized in Manipur as well as in Odisha.

No fake note was recovered from Chhattisgarh, Sikkim, Andaman and Nicobar Islands, Dadra and Nagar Haveli, Daman and Diu as well as Lakshadweep, the NCRB data says.

The data said a total of 1,172 FIRs were registered and 1,107 people arrested for their involvement in the illegal trade.