Malda: In a first-ever instance in Bengal, police have seized a consignment of fake currency notes of Rs 50 denomination.
Since the demonetisation of old Rs 500 and Rs 2,000 notes by Prime Minister Narendra Modi in 2016, so far fake notes of similar value were in circulation in Bengal and elsewhere in the country.
Occasionally, police also came across fake notes of Rs 200 denomination as well. But that was scant.
The police made the seizure of Rs 50 and Rs 200 fake notes totalling Rs 1.7-lakh on Thursday 12 September night from Jhaljhalia under English Bazar police station in Malda.
The consignment of fake notes was found on two men. One of them, Rajapal Singh, is a resident of Madhya Pradesh. The second one is Kafikul Sheikh from Baishnabnagar in Malda itself.
The seizure of fake notes of Rs 50 face value comes as a shocker as this indicates the desperation of fake currency rackets to pump in counterfeit notes into the economy in even lower denominations.
Usually, currency rackets do not print fake notes of a lower value as they yield less profit but carries the same risk as marketing high-value currency notes.
But with Rs 500 and Rs 2,000 fake notes being under excessive scanner of the police and other security agencies, they have evidently started minting fake notes of lower denominations.