Bengaluru: The National Investigation Agency (NIA) has filed a chargesheet in the Fake Indian Currency Notes (FICN) case - RC-26/2018/NIA/DLI against four accused, Mohammed Sajjad Ali alias Chacha (A1), of Malda in West Bengal, M.G. Raju alias Raju (A-2) of Vijayapura Devanahalli Taluk, Bengaluru rural district, Gangadhar Ramappa Kolkar alias Gangappa (A-3) of Vajjarmatti in Bagalkote district and Vanitha J alias Thangam (A-4) of Dayananda Nagar, Ramachandrapuram, Bengaluru in the Special NIA Court, Bengaluru under Sections 120B (criminal conspiracy) read with 489B and 489C (counterfeit notes) of the Indian Penal Code.
On August 8 this year following inputs from the NIA, the Madanayakanhalli police had seized FICNs with face value of Rs 6,34,000 in Rs 2,000 currency notes from the possession of the four accused along with some mobile phones with SIM cards and other documents. Initially, the case was registered at Madanayakanahalli PS as crime no. 431/2018 u/s 489B, 489C, 120B r/w 34 of IPC on August 8.
During investigation, it was found that the accused persons and their associates based in Karnataka as well as in West Bengal had hatched a conspiracy to de-stabilise the economic stability of the country by circulating FICNs as genuine Indian currency notes in the local markets of Bengaluru and other parts of Karnataka. They were actively involved in procuring, trafficking, supplying and circulation of huge quantities of Fake Indian Currency Notes (FICNs) in high denomination.
Mohammed Sajjad Ali was a courier and as a part of the conspiracy, he brought huge quantities of FICN from Malda to Bengaluru. Raju and Gangadhar Ramappa Kholkar are hardened FICN racketeers and have been involved in FICN cases.
