Excelsior Correspondent
JAMMU, Dec 30: Special Judge NIA Haq Nawaz Zargar has awarded six years imprisonment to six persons, who were arrested in 2011 by Janipur Police during patrolling near High Court Road.
These persons namely Shahid, son of Sharief -ul-Sheikh, Zaqir Hussain, son of Azhar, Showkat Ali, son of Gh Mohi-ud-Din and Mubarak Hussain, son of Mushtaq Ahmed were apprehended with fake currency and letter of Hizbul Mujahideen outfit. Later, the case was handed over to NIA.
After hearing both the sides, Special Judge observed, “currency is the backbone of any economy and helps people in their day to day transaction, whether commercial or household and its use is indispensable”.
“General acceptability and faith of the public in it are the basic pre requisite of its existence. Presence of the forged or counterfeit currency can shackle smooth functioning of the economy. In the extreme cases it can also result in loss of people’s faith in the currency and thus in the economic system”, the court said, adding “penetration of the counterfeit currency notes can affect basic frame of the economic activities and lead the economy to doldrums”.
With these observations, court awarded six years imprisonment to the accused.
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