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Fake Currency Notes Act as Oxygen to Terrorism, Says Rajnath Singh

High-quality fake currency notes act as oxygen to terrorism, Union Home Minister Rajnath Singh said today.

Inaugurating the new headquarters of the National Investigation Agency here, he said no civilised country can accept the growth of terrorism on its soil.

He also termed terrorism a "curse" that no civilised country can accept.

"Fake currency contributes to the rise of terrorism and high-quality fake currency notes act as oxygen to terrorism," he said.

09th Oct, 2017.

The Directorate of Revenue Intelligence (DRI) has busted a Fake Indian Currency Note (FICN) racket in Mumbai with the arrest of a Congress party district committee general secretary and two others, including a builder, on Saturday. DRI officials recovered FICN worth Rs 8.8 lakh from the trio who co-ordinated as part of a smuggling network that sourced fake currency notes from FICN vendors active on the Indo-Bangladesh border.DRI officials claimed that Imran Alam Shaikh (pictured) , general secretary North Central District Congress Committee, was into the business of handling and distributing fake currency notes across Mumbai.

Interrogation of Imran, builder Mahesh Alimchandani, and Imran's uncle Zahid Shaikh has revealed that high quality FICN, printed and smuggled out of Dhaka, was sourced from one Shivajirao Khedekar, a resident of Pune.

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