'Fake notes printed on high-tech machines' | mumbai | Hindustan Times
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'Fake notes printed on high-tech machines'

mumbai Updated: Feb 06, 2012 01:12 IST
Charul Shah
Charul Shah
Hindustan Times
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The counterfeit notes circulated by alleged members of the Students Islamic Movement of India (SIMI), Haroon Naik and Asrar Tailor, have been printed on highly-sophisticated and regular currency-making machines which can only be owned by a country and not by ordinary criminals, revealed the Anti-Terrorism Squad (ATS) charge sheet.

The agency had, in August 22, 2011, recovered fake Indian currency notes (FICN) worth Rs97,500 from Naik. The probe against Naik led the ATS to Tailor and Azghar Sidhiquiin, co-accused in the case.

According to the ATS, the trio used the funds obtained from the circulation of fake currency to support terrorism.

In its charge sheet filed in November 2011, the ATS stated that the currency notes seized from the accused had successfully imitated features of genuine Indian currency.

These features can be achieved only through sophisticated machinery.

"The machinery used for printing the notes cannot be acquired by ordinary criminal as it involves huge capital investment," said the ATS charge sheet.

"The perfection of window and watermarks formation indicates the manufacturing of FICN paper on regular currency-making machines, which can only be owned by a country," the charge sheet added.

The ATS has alleged that the analysis result of the forged notes seized by the ATS from the trio is similar to the ones found in other cases.

In the earlier cases, it was revealed that the FICN was smuggled from Pakistan and Bangladesh and the funds generated from it were being used by terrorists for carrying out anti-national activities in India.

The charge sheet states: "There is a wide network operating in circulation of FICN, the trios are part of larger terrorist organization."

Naik has also been arrested for landing financial support in the blasts of 13/7.

The ATS has invoked stringent provisions of the Unlawful Activities (prevention) Act, (UAPA), section 489 (making, possessing and circulating FICN) with 120b (criminal conspiracy) of Indian Penal Code against the Naik, Tailor and Sidhiquiin.