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Delhi High Court Refuses Bail To Person Allegedly Part Of Fake Currency

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Justice Subramonium Prasad stated that the circulation of fake currency notes adversely affected the financial health of the nation and that fake production has reached such a “level of immaculate sophistication”.

New Delhi: 

The Delhi High Court has refused bail to a person allegedly part of a syndicate which prints and circulates fake Indian currency notes, saying that it not only cripples the economy but also breeds drug smuggling and funds undesirable terrorist outfits.

Justice Subramonium Prasad stated that circulation of fake currency notes adversely affected the financial health of the nation and that fake production has reached such a “level of immaculate sophistication” that they have become “indistinguishable from real currency notes and have become a high profiteering business.”

“Circulation of fake currency notes is severely detrimental to the economy and hampers the financial regulation of the country. The production of counterfeit currency notes often stems from dissatisfaction with a country’s growth, and is therefore, aimed at financially disintegrating and destabilising the steady equilibrium of liquidity in the economy.

“Counterfeiting of currency notes breeds drug smuggling, purchase of illegal arms and ammunition, funding of undesirable terrorist outfits, cross-border money laundering, human trafficking and various other phenomena. It has a disastrous effect on the economy,” the judge said in his order dated August 23.

He added that Sections 489A, 489B, 489C, 489D and 489E of the Indian Penal Code, which deal with offences pertaining to fake currency, were specially inserted by the legislature to protect the economy of the country.

In the present case, the court noted, the petitioner-accused was apprehended by police following a “secret information” that a Dubai-based Pakistani national was trying to bring fake Indian currency notes in the country.

The petitioner was arrested in a raid with fake Indian currency notes with a face value of ? 44,000 and a “syndicate of procurement, printing, circulation and distribution of fake Indian currency notes” was unearthed, it further recorded.

Dismissing the bail plea, the court observed that the “petitioner is a part of the well-oiled machinery/syndicate dealing in printing and circulation of fake currency notes and it has the propensity of having a disastrous effect on the country’s economy”.

“The petitioner is alleged of committing extremely serious offence which has the effect of crippling the economy of the country,” the court said.

“The petitioner has been found in possession of Fake Indian Currency Notes and the purpose of these fake currency notes were meant for circulation lest there is no point having counterfeit currency notes. Maximum punishment for offence under Section 489D is imprisonment for life. This Court is, therefore, not inclined to grant bail to the petitioner at this stage,” he added.

 

Delhi High Court Refuses Bail To Person Allegedly Part Of Fake Currency

The petitioner was arrested in a raid with fake Indian currency notes with a face value of ? 44,000.

New Delhi: The Delhi High Court has refused bail to a person allegedly part of a syndicate which prints and circulates fake Indian currency notes, saying that it not only cripples the economy but also breeds drug smuggling and funds undesirable terrorist outfits.

Justice Subramonium Prasad stated that circulation of fake currency notes adversely affected the financial health of the nation and that fake production has reached such a “level of immaculate sophistication” that they have become “indistinguishable from real currency notes and have become a high profiteering business.”

“Circulation of fake currency notes is severely detrimental to the economy and hampers the financial regulation of the country. The production of counterfeit currency notes often stems from dissatisfaction with a country’s growth, and is therefore, aimed at financially disintegrating and destabilising the steady equilibrium of liquidity in the economy.

“Counterfeiting of currency notes breeds drug smuggling, purchase of illegal arms and ammunition, funding of undesirable terrorist outfits, cross-border money laundering, human trafficking and various other phenomena. It has a disastrous effect on the economy,” the judge said in his order dated August 23.

He added that Sections 489A, 489B, 489C, 489D and 489E of the Indian Penal Code, which deal with offences pertaining to fake currency, were specially inserted by the legislature to protect the economy of the country.

In the present case, the court noted, the petitioner-accused was apprehended by police following a “secret information” that a Dubai-based Pakistani national was trying to bring fake Indian currency notes in the country.

The petitioner was arrested in a raid with fake Indian currency notes with a face value of ? 44,000 and a “syndicate of procurement, printing, circulation and distribution of fake Indian currency notes” was unearthed, it further recorded.

Dismissing the bail plea, the court observed that the “petitioner is a part of the well-oiled machinery/syndicate dealing in printing and circulation of fake currency notes and it has the propensity of having a disastrous effect on the country’s economy”.

“The petitioner is alleged of committing extremely serious offence which has the effect of crippling the economy of the country,” the court said.

“The petitioner has been found in possession of Fake Indian Currency Notes and the purpose of these fake currency notes were meant for circulation lest there is no point having counterfeit currency notes. Maximum punishment for offence under Section 489D is imprisonment for life. This Court is, therefore, not inclined to grant bail to the petitioner at this stage,” he added.

 

The court also considered that charges in the bail were yet to be framed and the chances of the petitioner absconding or continuing to indulge in the same activity on release could not be ruled out at this juncture.

 

 

Source: NdTv

 

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4 arrested for sexual assault of spa employee

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Image: Pexels.com

Delhi Police captured four individuals after a worker of a spa center in Delhi’s Pitampura claimed she was molested and sexually exploited by its manager and a client.

A 22-year-old woman complained of rape in a spa center at Delhi’s Pitampura on Thursday.

Authorities from Maurya Enclave police station hurried to the spot and started the examination.

“On August 4, a PCR call was gotten at PS Maurya Enclave in regards to rape with a lady at a Spa Center, Pitampura Delhi. The police promptly arrived at the spot (the ocean spa center) where a victim aged 22 years along with her husband were present external the spa center and complained in regards to rape on her by the manager of the spa center and client,” said police.

She was sent to the hospital for her clinical assessment. A counselor from DCW visited her.

“She expressed that on June 30 she joined the spa on August 4 at around 6 p.m. one client came there along with the manager Rahul and requested sexual favors. Rahul offered her a soft drink, after drinking it she felt tipsy and both raped her,” said police.

A case under Sections 354A/328/376 D of IPC was registered and both the accused persons were arrested.

Source: ANI

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Gold medalist boxer became a robber in Delhi, arrested with two companions

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A burglary group has been busted in Delhi. A boxer was likewise remembered for this posse, who has additionally won gold decorations in certain contests. This posse of three individuals used to complete stealing from Baba Haridas Nagar of Delhi.

The group had looted a lady’s mobile phone in Baba Haridas Nagar on August 1. when the lady was getting back from work. The lady had let in her protest know that three unidentified individuals who had come on the motorcycle grabbed her mobile phone and took off. The police began the examination of the matter. Some CCTVs were additionally checked and individuals around were likewise addressed.

Then, at that point, on August 4, two individuals wandering in a similar region were gotten by the police. The first gave his name as Ankit (age 19 years) who hails from Jhajjar, Haryana. The other’s name is Shivam Kumar who lives in Sainik Enclave. He is additionally 19 years of age. The third is being told as a minor. The person who is there Ankit is a boxer. During interrogation, a stolen cell phone was also recovered from them.

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Unclaimed Bag, Tiffin Box in Delhi’s Rohini Spark Alarm But Nothing Suspicious Found

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Representational Image | Image Source: PTI

An unclaimed bag was found in Rohini region in delhi on Thursday, sending the security organizations like the special cell and bomb detection team soon to reach the spot and launched an investigation, police said.

After a careful review of the area, nothing suspicious was tracked down.

As per authorities, An unclaimed bag was tracked down in the parking lot close to DC Chowk, Rohini Sector-9.

A bomb identification and removal crew and sniffer canines had looked through the area, but it turned out to be a false alarm.

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