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Be wary while dealing with currency notes: IGP

For people’s benefit: Inspector-General of Police (Eastern Range) H.N. Satyanarayana Rao inaugurating a workshop in Davangere on Friday. (From left) Additional Superintendent of Police Kumar S. Karning, Lead Bank Manager Erriswamy, Chief Manager of the State Bank of Mysore Gopalakrishna Upadhya and Superintendent of Police Sandeep Patil are seen.

Davangere: H.N. Satyanarayana Rao, Inspector-General of Police (Eastern range), has called upon the people to act prudently while dealing with the currency notes particularly of high denominations such as Rs. 500 and Rs. 1,000 and defeat the efforts of anti-social elements circulating fake currency notes in the country.

Inaugurating a fake currency awareness camp organised by the Police Department here on Friday, Mr. Rao expressed concern that all measures taken to thwart the attempts of anti-social elements from circulating fake currency notes had failed. The fake currency notes looked like original notes because the anti-social elements had access to the latest technology for producing fake notes. According to him, if people are alert, then they would be able to distinguish between the fake and original currency notes.

Mr. Rao said that most businessmen were unknowingly handling at least a couple of fake currency notes every day. He stressed on the need for people to familiarise themselves with the way original notes look so that they can detect a fake note when they come across one and thus defeat the designs of the people producing and circulating fake currency notes to destabilise the economy of the country.

Gopalakrishna Upadhya, Chief Manager of the State Bank of Mysore, made a power-point presentation on fake currency. He said the Reserve Bank of India found at least 40 fake currency notes every day and noted that fake currency was being circulated in rural parts as people of rural places were gullible and were unable to differentiate between the original and fake currency notes.

Mr. Upadhya said that fake currency was distributed among labourers who carried out public works in Uttar Pradesh. He alleged that fake currency notes were being sent into our country by Pakistan via Nepal and Uttar Pradesh. There are three to four counterfeit notes in every million notes. All the fake currency that was in circulation was made of colour photostat of the original note or the scanned one.

Mr. Upadhya said that earlier we used to differentiate between the fake and original notes with the help of the watermark embossed on the original currency. But now even the fake currency would have that watermark almost similar to the original one.

Earlier, the Superintendent of Police said no case of printing of fake currency notes had been reported in Davangere district. However, there were a couple of complaints about distribution of fake currency.

The district police were planning to organise such meetings and screening films in rural places alerting the people about the original currency and fake currency.

Kumar S. Karning, Additional Superintendent of Police was present.

A large number of traders and bankers and those who were running different financial institutions attended the meeting.

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