Fake currency with Rs 92.18 Cr face value seized in 2020-21, highest since 2017
National Crime Records Bureau (NCRB) has revealed that fake currency with a face value of Rs 92.18 crore was seized in 2020.
This is 30.4% more than in 2017. Law enforcement authorities seized fake currency with a face value of Rs 28.10 crores in 2017
As per RBI, the value of counterfeit notes detected in the banking system has reduced from Rs 43.47 crores in 2016-17 to Rs 8.26 crores in 2021-22. In 2020, Rs 5.45 crores were detected by the RBI in the banking system.
Related Posts
Bulgarian tobacco firm to halt exports to Middle East after smuggling claims
Bulgarian tobacco company Bulgartabac said it would halt sales to the Middle East...
Health warning: Pills you take may be fake
A 60-year-old Jiaxing man paid a company 280,000 yuan (US$42,607) to purchase...
Lawmaker urges House to probe tobacco smuggling
A PARTY-LIST lawmaker urged Wednesday members of the House of Representative to...
Abbott product distribution faces monopoly queries
The National Steering Committee on the Prevention and Control of Smuggling, Trade...