Fake Indian currency racket in Nepal’s Terai

Author:K.C. Dipesh Kumar
Position:Centre for the Study of Social Systems, Jawaharlal Nehru University, New Delhi, India
Pages:262-273
SUMMARY

Purpose The purpose of this paper is to attempt to analyse the trend of trafficking of fake Indian currency notes (FICN), which is organised in nature. It accounts the trend of the smuggling of FICN through the route of Nepal and emerging routes as a consequence of the extension and strength of the criminal gangs. Design/methodology/approach The author utilized the governmental... (see full summary)

 
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Fake Indian currency
racket in Nepal’s Terai
K.C. Dipesh Kumar
Centre for the Study of Social Systems, Jawaharlal Nehru University,
New Delhi, India
Abstract
Purpose The purpose of this paper is to attempt to analyse the trend of trafcking of fake Indian currency
notes (FICN), which is organised in nature. It accounts the trend of the smuggling of FICN through the route
of Nepal and emerging routes as a consequence of the extension and strength of the criminal gangs.
Design/methodology/approach The author utilized the governmental and non-governmental reports
besides journalistic reports related to the intention of fake currency trafcking to analyse the ground reality
and vested interests of such crime.
Findings Though the open border of Nepal with India is exaggerated as the reason behind the
cross-border crimes, such as smuggling of FICN, this paper has falsied the biased perception of labelling the
borderline as a crime zone. It nds an outcome of the FICN smuggling that turns the Indo–Nepal border areas
as a covert battleeld of organised criminal gangs as well as secret agencies of regional powers.
Research limitations/implications Due to ethical issues and limitations of research works on the
topic, the descriptive analysis that could be carried out was limited.
Practical implications The negative ndings of the crime are implacable, in keeping in mind before
establishing a good policy related to development and security of Nepal, especially the Terai region.
Social implications The paper highlights social problems and challenges in the Terai region of Nepal
that enforced the people residing in that area towards the fake currency racket. Hence, it urged to solve the
social problems to curb the nancial crime such as counterfeit notes trafcking in the region.
Originality/value This study is the latest research describing and disclosing the fact behind fake
currency trafcking and its consequences.
Keywords Conict, Organised crime, Counterfeit, Cross-border crime, Labelled, Transit points
Paper type Research paper
Introduction
Money counterfeiting is the illegal imitation of money (Allen, 2006). The imitation has either
the intention of monetary prot or to destroy the economy of a particular nation, which is also
related to organised crime, and has vast and strong networks with an effort to challenge the
state. As one of the current booming crime industries of the world, it is creating problems for
the economy of specic nations as well as the global economy. Furthermore, developing and
politically unstable countries whose land is misused by criminal gangs to commit crimes,
including counterfeit notes trafcking, often suffer more. Due to social and economic chaos,
these volatile regions are a haven for organised criminals involved in these specic types of
crime.
Nepal has suffered from the incremental increase of activities involving the fake currency
racket, which has become a threat to its peace and prosperity from three different
perspectives:
(1) the land of Nepal is misused by the racket for smuggling fake Indian currency notes
(FICN) towards India;
The current issue and full text archive of this journal is available on Emerald Insight at:
www.emeraldinsight.com/1368-5201.htm
JMLC
20,3
262
Journalof Money Laundering
Control
Vol.20 No. 3, 2017
pp.262-273
©Emerald Publishing Limited
1368-5201
DOI 10.1108/JMLC-06-2016-0021

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