What Sentencing Awaits the Accused in the Mumbra Fake Currency Case?
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Synopsis
In a significant ruling, the NIA Special Court in Mumbai has sentenced Radhakrishna Addappa to over three years of rigorous imprisonment for his involvement in the Mumbra fake currency case. This development highlights the ongoing efforts of the NIA to combat counterfeit currency syndicates affecting India's financial stability.
Key Takeaways
- Radhakrishna Addappa sentenced to 3 years and 10 months of RI.
- Case involves Rs 82,000 in fake currency.
- Co-accused received sentences of 5 years 7 months and 5 years.
- NIA continues to investigate a broader FICN syndicate.
- Counterfeit currency poses a serious threat to financial stability.
New Delhi, Aug 18 (NationPress) The National Investigation Agency (NIA) Special Court in Mumbai has handed down a sentence of over three years’ rigorous imprisonment (RI) to another individual implicated in the 2019 Mumbra fake currency case, as confirmed by an official on Monday.
The accused, Radhakrishna Addappa from Karnataka, received a sentence of 3 years and 10 months of RI along with a monetary penalty of Rs 2,000.
This ruling followed his admission of guilt regarding the charges.
NIA investigations revealed that Addappa was involved in distributing counterfeit currency to a co-accused at a KSRTC Bus Stand located in Chikkaballapura district, Karnataka.
The case concerns the recovery of fake Indian currency notes (FICNs) totaling Rs 82,000 in Rs 500 denominations, discovered in 2019.
Addappa was one of three individuals charged by the NIA, with the charge sheet filed in January 2020 based on substantial digital and documentary evidence collected during the probe.
Previously, co-accused Jasim alias Wasim Salim Shaikh and Ishak Khan were sentenced to 5 years 7 months and 5 years of rigorous imprisonment respectively, each also fined Rs 5,000.
In a separate incident related to fake currency in Bihar, the NIA apprehended another suspect in the 2024 Champaran fake currency seizure, which also involved four others charge-sheeted on August 12.
Md. Fasi Uddin was identified as being directly implicated in this case, which is linked to a broader syndicate with ties to Pakistan and Nepal.
Uddin, along with the other four charged—Md. Nazar Saddam, Md. Waris, Md. Zakir Hushain, and Muzaffar Ahmad Wani alias Sarfaraz—was involved in the smuggling of FICN into India, posing a threat to the nation’s financial stability.
According to NIA sources, Uddin had used cryptocurrency to pay a Pakistan-based individual, Salman Muhammed, in exchange for FICNs. He also accompanied accused Md. Nazar Saddam to Raxaul in Bihar and Nepal multiple times concerning the counterfeit currency operations.
The NIA has been diligently investigating the case concerning FICN valued at Rs 1,95,000 since December 2024, and efforts to dismantle the FICN syndicate’s network are ongoing.
Point of View
It is imperative to recognize the grave implications of counterfeit currency on our nation's economy. The NIA's continued efforts to address this issue signal a commitment to uphold financial integrity and security. This case serves as a reminder of the collaborative efforts needed across regions to combat such illicit activities effectively.
NationPress
08/10/2025
Frequently Asked Questions
What was the sentence given to Radhakrishna Addappa?
Radhakrishna Addappa was sentenced to 3 years and 10 months of rigorous imprisonment along with a fine of Rs 2,000.
What was the value of the counterfeit currency involved?
The counterfeit currency involved had a face value of Rs 82,000 in Rs 500 denominations.
What other cases is the NIA currently investigating?
The NIA is investigating a separate fake currency case in Bihar involving a syndicate linked to Pakistan and Nepal.
Who were the co-accused in the Mumbra case?
The co-accused in the Mumbra case include Jasim alias Wasim Salim Shaikh and Ishak Khan, both of whom have also received sentences.
What measures is the NIA taking against counterfeit currency syndicates?
The NIA is actively investigating and prosecuting individuals involved in counterfeit currency operations and is working to identify and dismantle their networks.
