Has NIA chargesheeted the 5th accused in the Bihar FICN case linked to a Pak-Nepal syndicate?
Synopsis
The NIA's recent chargesheet against Md Fasi Uddin unveils a significant fake currency operation tied to Pakistan and Nepal. As investigations deepen, the agency aims to unravel the extensive network threatening India’s economic security.
Key Takeaways
Md Fasi Uddin is the fifth accused in the Bihar FICN case.
The case involves a Pak-Nepal counterfeit currency syndicate.
The NIA is actively pursuing connections to international networks.
Charges have been filed under the UAPA and BNS .
Ongoing investigations aim to protect India's economic security.
Patna, Feb 6 (NationPress) The National Investigation Agency (NIA) has filed a chargesheet against Md Fasi Uddin, a resident of Hyderabad, regarding the seizure of high-grade Fake Indian Currency Notes (FICN) in Bihar, revealing a cross-border counterfeit currency network linked to Pakistan and Nepal.
Md Fasi Uddin marks the fifth individual to be chargesheeted in the 2024 case involving the discovery of counterfeit currency from Banjariya in Champaran district.
The NIA asserts that he was an integral part of an international syndicate aimed at destabilizing India’s economic integrity by procuring, smuggling, and circulating counterfeit currency.
Investigative efforts indicated that Fasi Uddin, who was detained in August 2025, played a significant role in channeling the proceeds of illicit activities to a handler based in Pakistan.
He purportedly made transactions to a Pakistani individual via cryptocurrency.
Additionally, the NIA has discovered that he accompanied another previously chargesheeted individual, Md Nazar Saddam, to Raxaul and Nepal, aiding in the smuggling of counterfeit currency across the Indo-Nepal border.
Md Fasi Uddin faces charges under various sections of the Bharatiya Nyaya Sanhita (BNS) and the Unlawful Activities (Prevention) Act (UAPA).
A supplementary chargesheet was submitted to the NIA Special Court in Patna after a thorough investigation.
Previously, in August 2025, the NIA had chargesheeted Md Nazar Saddam, Md Waris, Md Zakir Hushain, and Muzaffar Ahmad Wani alias Sarfaraz.
The case originated with the Bihar Police after the recovery of FICN valued at around Rs 2 lakh in September 2024.
Zakir, Nazar, and Waris were taken into custody by the Banjariya police during the seizure, while Sarfaraz was arrested shortly after.
Another suspect, Rajesh Sahani, was also implicated in the initial FIR.
The NIA assumed control of the investigation in December 2024 and is actively pursuing connections to Pakistan-based entities and their ties to Nepal in an effort to dismantle this extensive counterfeit currency smuggling operation.
Point of View
It's essential to highlight the severity of the situation surrounding counterfeit currency operations that not only threaten the economy but also national security. The NIA's proactive measures in addressing such international networks underline the importance of vigilance in safeguarding India's financial integrity.
NationPress
2 May 2026
Frequently Asked Questions
What is the NIA's role in the FICN case?
The NIA is responsible for investigating and prosecuting cases related to national security threats, including counterfeit currency operations.
Who is Md Fasi Uddin?
Md Fasi Uddin is the fifth accused chargesheeted by the NIA in a case involving the smuggling of high-quality Fake Indian Currency Notes (FICN).
What are the implications of counterfeit currency for India?
Counterfeit currency undermines economic stability, fuels corruption, and poses significant risks to national security.
How does the NIA operate in cases like this?
The NIA operates by investigating the criminal networks involved, gathering evidence, and filing charges against the accused under relevant laws.
What actions are being taken against the accused?
The accused are being charged under the Bharatiya Nyaya Sanhita and the Unlawful Activities (Prevention) Act, with ongoing investigations to dismantle the entire operation.
