Excelsior Correspondent
JAMMU, Aug 23: Principal Sessions Judge Jammu, Jang Bahadur Singh Jamwal today awarded seven years rigorous imprisonment and fine of Rs 50,000 to Gurmeet Singh alias Kaka, son of Amar Singh of Preet Nagar Digiana, Pardeep Singh, son of Bhupinder Singh of Baramulla and Som Nath, son of Bhagat Ram of Fatehpur, R S Pura, who were nabbed with fake currency notes.
According to the police case, on February 8, 2001 an information was received that Gurmeet Singh was using fake Indian currency notes in the market at Preet Nagar. Accordingly, police conducted raid in the house of Gurmeet Singh where all the accused persons were present. While three of them were nabbed, one Sher Singh managed to escape. From the possession of Gurmeet Singh, fake Indian currency notes of Rs 500 denominations were recovered while as from Som Nath Rs 1 lakh fake current in the denomination of Rs 100 were recovered. Similarly, from accused Pardeep Singh Rs 70,000 fake currency in the denomination of Rs 100 was recovered. After completion of investigation, challan was presented in the court of law.
After hearing both the sides, Principal Sessions Judge, Jang Bahadur Singh Jamwal observed, “currency counterfeiting is one of the organized white collar crimes which has assumed serious proportions globally. It not only causes serious setbacks to the world’s economy but also jeopardizes the genuine business transactions”.
“Nowadays, the counterfeiting of currency notes is done with the help of modern equipment such as colour scanners, copiers and printers, as well as by offset process. Most of the security features are copied from genuine notes by using modern techniques to produce the counterfeit currency notes very close to genuine currency notes”, the Court said, adding “there has been an upsurge in the incidents of supply of counterfeit Indian currency notes from across the border of India especially from the Indo-Pakistan border and Indo-Nepal border”.
“During the year 1999, counterfeit Indian currency notes valued at Rs 18.4 million were seized as compared to Rs 6.5 million during 1998 thereby indicating a threefold increase. During the year 1999, the three States of Uttar Pradesh, Bihar and West Bengal accounted for almost 40% of the total seizures. There are two recent cases of recovery of counterfeit Indian currency notes, which have international ramifications”, the Court further said.
With these observations, Court awarded seven years rigorous imprisonment and fine of Rs 50,000 to all the three accused.
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