By A Staff Reporter
New Delhi: The National Investigation Agency (NIA) on Tuesday carried out extensive raids across three states as part of its probe into a fake currency racket involving the smuggling of high-quality Fake Indian Currency Notes (FICNs) from Nepal using cryptocurrency transactions.
According to NIA officials, searches were conducted at five locations in Bihar and one each in Jammu & Kashmir and Telangana. The case, registered in 2024, pertains to the seizure of FICNs in Bihar, which led to a broader investigation into an international counterfeit currency syndicate.
Preliminary findings suggest that the racket was operated by a network of accused and suspects from Nepal, leveraging cryptocurrency for illicit transactions. The NIA has been tracking financial trails and digital evidence to identify key operatives and their methods of circulation within India.
/anm-english/media/agency_attachments/AtBG5e3MoE629QYzhZen.png)
/anm-english/media/media_files/jQS2NPuUzVEzmKCAzdgC.png)