Over 50 complaints of fake currency received in Hyderabad

The central crime station of the detective department of the Hyderabad city police has received 55 complaints of counterfeit currency notes being in circulation. Though none of the complaints is for the new notes of Rs 500 or Rs 2,000 we’re all about the old demonetised currency notes of Rs 500 and Rs 1,000.

“In any instance, if five or more pieces are found in a single transaction, an FIR is registered for investigation based on the report submitted by the RBI. The notes are further sent to the Currency Printing Press at Mysore to verify their status and then further action is taken,” said Avinash Mohanty, detective department deputy commissioner of police.

The FICN (Fake Indian Currency Notes) officials said, five FIRs have been registered since January 2018, where the notional value of the counterfeit currency is over Rs 76,12,700. There are 50 other non-FIR complaints where the seized notes have a notional value of Rs 32,48,020.