India-Bangladesh draft standard operating procedure to tackle fake currency

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New Delhi, Aug 19: In a bid to take the fight against fake currency further, India and Bangladesh have decided to draft a standard operating procedure.

The second meeting of the Joint Task Force on Fake Currency Notes which was held in Bangladesh decided that a draft with the latest standard operating procedure to combat the menace would be prepared.

India Bangladesh

This is the second meeting of the of Task Force that is being held between India and Bangladesh.

Standard Operating Procedure:

Over the past couple of months it has been noticed that a bulk of the fake currency is landing in India through Bangladesh. The operatives have been using the Bangladesh-West Bengal route to flood fake currency into the market.

The Indian delegation led by Sanjeev Kumar Singh, Inspector General of Police, National Investigation Agency during the discussions felt the need of having a standard operating procedure to tackle the problem.

During the discussions with Md. Mokhesur Rahman, Additional Inspector General (Administration & Operation), Bangladesh Police, several key areas of concern were discussed.

It was agreed upon that a Standard Operating Procedure (SOP) would be drafted to operationalise the MoU signed between India and Bangladesh, during the visit of Indian Prime Minister to Bangladesh in June, 2015.

Better intelligence sharing:

Both India and Bangladesh have agreed that fake currency hurts the economy and hence to combat this menace there ought to be better intelligence sharing.

The standard operating procedure would lay down those guidelines and it is agreed that real time intelligence has to be shared.

Off late, it has been noticed that Malda in West Bengal has become a major landing and transit point for fake currency.

The NIA recently registered a case against one Sushanta Sahu alias Bikash Sahu after fake currency worth Rs 10, 01,000 was found on him.

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