Saturday, June 05, 2010



Change the rules relating to holders of fake currencies received from banks, treasury etc

The common refrain is to destroy the fake currency once it is detected to avoid complications. The problem arises because of criminal proceedings being initiated against a person getting a counterfeit note.

These days people get cash from ATMs where currencies of Rs 500 and Rs 1,000 denominations are dispensed. ATMs have no human touch. One cannot tell the dispenser about the fake currency. He has to go to a bank branch whose people would wash their hands off. If the aggrieved goes to register a complaint with the police, the complainant is looked upon as the culprit.

Latest reports speak about counterfeit notes dished out from government treasury to employees who drew their salaries. The treasury gets the cash from the banks. Where do the aggrieved people go to get justice?

The solution lies with simplifying the procedures dealing with complaints. If the complainant is not harassed, the police would get an opportunity to pursue the case and get at the root of the problem one way or other.

No person holding a fake currency as received from bank or treasury or other institutions or joints should be treated as a culprit. On the other hand, instances of filing complaints should be encouraged so that proper investigation can be undertaken in the case of all instances.

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