The Special Task Force (STF) of Odisha Crime Branch has seized fake currency notes having face value of Rs 41.16 lakh in Subarnapur district and arrested a person in this connection
The counterfeit currency notes are all in denomination of Rs 500. The arrested was identified as Deepak Meher.
Acting on inputs regarding an organised racket involved in printing and circulating fake currency notes, a STF team raided a place near Ulunda in the district.
A case under Sections 489-A, 489-B, 489-C and 120(B) of the IPC was registered after the seizure.
The seized fake currency notes would be sent to Bharatiya Reserve Bank Note Mudrana Pvt. Ltd in West Medinapore in West Bengal for examination and opinion.
It was being suspected that the counterfeit currency notes were brought from Chhattisgarh while more persons are involved in the racket.
As the STF has got vital clues, efforts were on by agency to identify and apprehend other accused involved in the racket.
According to the STF, fake currency of face value more than Rs 1.19 crore including this has been seized so far in the State.
Usually, the offences related to counterfeit fake currency notes were added to Indian "NIA is also the nodal authority for FICN matters in India. After the amendment of UAPA Act (Unlawful Activities Prevention Act) in 2013, dealing with high quality fake currency has been categorized as a “Terrorist act” if the value of seized notes is more than Rs one lakh and matches some other conditions," said the STF.