UP govt mulls CBI probe in fake currency racket

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Lucknow, Aug 8 (UNI) After receiving a snub from the Centre over the handing over of the State Bank of India (SBI) Dumariganj fake currency racket case to the Special Investigation Team (SIT), Uttar Pradesh government is now contemplating recommending a CBI probe into the case.

Fake notes amounting to over Rs 1.25 crore had been recovered from Dumariaganj SBI branch till yesterday, suggesting that the racket might have wider ramifications.

The UP government, under pressure from the Centre, has been asked to look deeper into the case as the targeted SBI branch was situated near the Indo-Nepal border, The state government had ordered the SIT probe only yesterday.

According to highly-placed sources, the Centre had objected to the SIT inquiry citing the Supreme Court ruling that any case which involved printed phoney Indian currency amounting to over Rs 50,000 be handed over to the CBI.

''Taking cognizance of the strong view of the Centre, the state government is contemplating referring it to the CBI,'' a senior government official told UNI here.

Earlier, it was decided to launch a multi-agency probe into the matter, inclunding, the UP Special Task Force(STF), as it is the prime investigative agency of the state but then it was handed over to the SIT.

Constituted only last year, the SIT is considered to be an ill-equipped organisation.

It is rather surprising that a similar racket unearthed in Aligarh where fake currency of Rs 20 lakh was recovered had been handed over to the CBI by the UP government on Wednesday.

However, the state government is citing the absence of required paper work as the reason for not ordering a CBI probe into the matter.

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