From New Kerala
Kolkata, Sep 29 : The Border Security Force (BSF) will urge the Union Home Ministry to enact a stringent law to combat fake currency, notes smuggling in the country.
''There is no specific law to curb fake currency offences in the country, and an offender if caught red- handed with Indian fake currency notes is penalised under petty offence and easily get bail to start a fresh crime,'' BSF Director General Raman Srivastava told newspersons yesterday after returning from Dhaka.
He was in Dhaka to attend a six-day BSF-BDR's bi-annual conference on border situation.
BSF is responsible to ensure peace and security along India's 44,000 km border area with Bangladesh.
The long border, which also has huge riverine stretch, is also porous. The two-third areas is still unfenced.
Economists opined that random news of Indian fake currency seizure across Indian borders have dented confidence among businessmen as well as the common people and that is severely affecting Indian economy.
The Central Bureau of Investigation (CBI) found it very difficult to pin point the source of crime, he added.
It is widely believed and often alleged that India's 'failure' in this context encouraged criminals to flood Indian markets with fake notes to destroy the economy.
A data revealed that fake Indian notes, worth about Rs 86 lakh, had been seized by the BSF in past four years from Indo-Bangla borders alone.
''This amount only from here and I do not know how much from other side of the Indian borders in Western India,'' the BSF chief said.
''It is very difficult to know the sources of fake notes as when we catch a career he or she turns out to be living on border line.
About 30 per cent of offenders arrested are either women or a minors.
The real offenders are remaining illusive,'' Mr Srivastava said.
''Papers used for making fake notes are of high quality. We have to know the roots of the sources to contain such crimes,'' he said.
He said many agencies were working to find out the sources, but the existing laws in the country were not enough to deal with such crimes.
He was in Dhaka to attend a six-day BSF-BDR's bi-annual conference on border situation.
BSF is responsible to ensure peace and security along India's 44,000 km border area with Bangladesh.
The long border, which also has huge riverine stretch, is also porous. The two-third areas is still unfenced.
Economists opined that random news of Indian fake currency seizure across Indian borders have dented confidence among businessmen as well as the common people and that is severely affecting Indian economy.
The Central Bureau of Investigation (CBI) found it very difficult to pin point the source of crime, he added.
It is widely believed and often alleged that India's 'failure' in this context encouraged criminals to flood Indian markets with fake notes to destroy the economy.
A data revealed that fake Indian notes, worth about Rs 86 lakh, had been seized by the BSF in past four years from Indo-Bangla borders alone.
''This amount only from here and I do not know how much from other side of the Indian borders in Western India,'' the BSF chief said.
''It is very difficult to know the sources of fake notes as when we catch a career he or she turns out to be living on border line.
About 30 per cent of offenders arrested are either women or a minors.
The real offenders are remaining illusive,'' Mr Srivastava said.
''Papers used for making fake notes are of high quality. We have to know the roots of the sources to contain such crimes,'' he said.
He said many agencies were working to find out the sources, but the existing laws in the country were not enough to deal with such crimes.
--UNI
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