which read as follows:
"Using as genuine, forged or counterfeit currency-notes or bank notes - Whoever sells to, or buys or receives from ... otherwise traffics in or uses as genuine, any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same
finding relating
6
to being fake, counterfeit and so, appellants could not be convicted for
possessing counterfeit, fake currency notes. It has also been submitted ... prepared. There was no
genuine currency notes. The total fake currency notes were 38,700/-.
After counting the currency notes, he kept the same along
possession
of forged and counterfeited currency notes or banknotes
punishable. Possession and knowledge that the currency
notes were counterfeited notes are necessary ingredients to
constitute ... thing
counterfeit, unless the contrary is proved.
47. "Counterfeit" in Section 28 does not connote an exact
reproduction of the original counterfeited. Explanation
finding relating
6
to being fake, counterfeit and so, appellants could not be convicted for
possessing counterfeit, fake currency notes. It has also been submitted ... prepared. There was no
genuine currency notes. The total fake currency notes were 38,700/-.
After counting the currency notes, he kept the same along
possession
of forged and counterfeited currency notes or banknotes
punishable. Possession and knowledge that the currency
notes were counterfeited notes are necessary ingredients to
constitute ... thing
counterfeit, unless the contrary is proved.
47. "Counterfeit" in Section 28 does not connote an exact
reproduction of the original counterfeited. Explanation
having knowledge
about the counterfeit currency in their possession. If they had no knowledge
that the currency was counterfeit, there was no reason for them ... currency notes with the help of
scientific aid and it was concluded that all the currency notes except 12
currency notes were found counterfeit currency
having
reason to believe the same as forged or counterfeit. Mere
possession of counterfeit currency notes knowingly or having
reason to believe the same ... Appellant-Accused had possession of counterfeit
currency notes with a reason to believe that those currency notes
were counterfeit. The second factor which is required
controverted. That means to say, the so called counterfeit currency
notes allegedly recovered from the possession of the appellant was not
at all sealed ... expert
to identify the counterfeit notes. Accused had spoken himself that it
happens to be counterfeit currency notes. In Para-6, he had stated that
Srilankan currency; 4
negatives of 500 rupees Indian currency; 54 negatives of 100 rupees Indian
currency; one negative of 50 rupee Indian currency ... Indian
currency; a negative of 500 rupees Indian currency; a negative of 100 rupees
Indian currency and a negative of 1000 rupees Srilankan currency under
Ayyanar
3.Israel ... Appellants
Vs.
State by Inspector of Police,
CBCID,
Counterfeit Currency Wing,
K-1, Sembium Police Station,
Chennai (Cr.No.3474/1997) ... Respondent ... order to make quick money A1 has decided to print counterfeit currency with the help of A2 and A3. Since they have no money
