Bail denied to accused in fake currency notes case

Current GK ( Master) Reports

The Delhi High Court has observed that fake currency has propensity to have a disastrous effect on the economy and noted the process of making the notes has reached a level of immaculate sophistication due to which they are indistinguishable from real notes.
“Circulation of fake currency notes is severely detrimental to the economy and hampers the financial regulation of the country,
”Justice Subramonium Prasad said while rejecting the bail plea of a man who was a part of a well-organised syndicate involved in printing, procuring, circulating fake Indian currency notes.
On December 19, 2019, the Delhi police special cell received information that a Dubai-based Pakistani national was trying to bring fake notes into the country.
On the basis of investigation, the syndicate and the name of Ahmed have surfaced along with a few other people.
A raid was conducted here the following day. Ahmed was nabbed by the team with 44,000cr worth of fake currency along with a laptop. Investigation revealed that one Danish Malik used to design the notes in Ahmed’s laptop