NIA Chargesheets Hyderabad Man in Pakistan–Nepal Fake Currency Smuggling Case

The National Investigation Agency (NIA) has filed a supplementary chargesheet against Md Fasi Uddin , a resident of Hyderabad , in a major fake Indian currency notes ( FICN ) case linked to a trans-national network operating through Pakistan and Nepal . With this development, the total number of accused chargesheeted in the case has risen to five. The case stems from the 2024 seizure of high-quality counterfeit notes from Banjariya in Champaran district of Bihar , where investigators uncovered what they describe as a coordinated attempt to undermine India’s economic security .

According to the NIA, the syndicate functioned as part of a broader cross-border conspiracy , using Nepal as a transit route to push counterfeit notes allegedly printed in Pakistan into India. Officials confirmed that fake currency with a face value of around ₹2 lakh was seized in the case, though agencies suspect a larger circulation network may have operated undetected before the recovery. The racket allegedly relied on structured roles including sourcing, cross-border couriers, financial handlers, and local distributors.

Investigations revealed that Fasi Uddin played a dual role in both smuggling logistics and financial transfers . He was arrested in August last year and is accused of transferring proceeds of the crime to Pakistan-based handlers using cryptocurrency , reflecting the syndicate’s use of digital channels to avoid conventional monitoring. He also allegedly travelled with previously chargesheeted accused Md Nazar Saddam to Raxaul and across the Indo–Nepal border to facilitate movement of fake currency consignments.

At present, Fasi Uddin is the only accused from Hyderabad publicly identified in this case. The NIA has not officially named any other individual from the city, but has indicated that the ongoing investigation may reveal additional links. Earlier, the agency had chargesheeted Md Nazar Saddam, Md Waris, Md Zakir Hushain, and Muzaffar Ahmad Wani alias Sarfaraz. The case was initially registered by Bihar Police following the September 2024 seizure, before being taken over by the NIA in December 2024.

Officials say the probe now focuses on identifying the production source , mapping the full distribution chain , and tracing the financial trail leading to Pakistan-based entities and their Nepali connections. The agency is examining travel records, digital transactions, and communication links as part of efforts to dismantle what it describes as a structured international fake currency smuggling network.