The Delhi High Court refused bail to Irshad-accused of distributing counterfeit currency notes, from whose residence counterfeit Rs 2,000 notes worth Rs 3 lakh were seized.
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NEW DELHI: The Delhi High Court has firmly denied bail to a man-Irshad implicated in the distribution of counterfeit currency, following the discovery of fake Rs 2,000 notes totaling Rs 3 lakh at his residence.
Justice Swarana Kanta Sharma, presiding over the case, made this decision, highlighting the severe implications that the circulation of counterfeit currency has on the economy, national security, and the well-being of individuals.
In delivering the judgment, Justice Sharma emphasized the gravity of offenses involving counterfeit currency, considering them a significant threat that necessitates a rigorous legal response. The court remarked,
“The present case raises grave concerns regarding the involvement of accused persons in the distribution and circulation of counterfeit currency notes. The illicit activities surrounding the supply and circulation of counterfeit currency notes pose multifaceted risks to both the economy and individuals within society.”
This observation underscores the broader dangers associated with such criminal undertakings, extending beyond mere economic disruption to encompass money laundering, terrorism financing, and the facilitation of organized crime.
The judgment also shed light on the detrimental effects that counterfeit currency can have on unsuspecting individuals who might unknowingly come into possession of such notes. These individuals face not only the immediate financial loss but also potential legal consequences and reputational damage, thereby underscoring the pervasive harm caused by counterfeit currency operations.
Concluding its assessment, the court stated,
“Thus, in view of the above discussion, and considering the overall facts and circumstance of the case, seriousness of the offence, and the recoveries from the house and shop of the applicant/accused, this Court is not inclined to grant bail to the applicant at this stage.”
This resolution reflects the court’s commitment to addressing the serious nature of the offense and the evidence obtained from the accused’s property.
The accused, Irshad alias Bhuru, was apprehended on June 22, 2023, at his home in Kairana, Uttar Pradesh. The police’s discovery of 150 counterfeit Rs 2,000 notes at his residence formed a crucial part of the case against him.
Despite Irshad’s claims of being falsely implicated and allegations of the police planting the counterfeit notes at his house, the court, after considering the arguments, resolved to reject his bail application. This case highlights the judiciary’s vigilant stance against crimes that threaten the foundational aspects of the nation’s economy and security.
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