Forensic Image and Spectral Analysis of 500 Rupee Note in a Banking Fraud Case

Authors: Pratihari HK, Saha B, Chaudhuri S, Rakshit M*, Paul M and Paul G

DOI: 10.23880/ijfsc-16000238

Volume 6, Issue 3

Abstract

With the availability of new-age technology, printing and circulation of higher denomination counterfeit bank notes i.e. 2000 - Rupee and 500 - Rupee are reported to be alarming in the country. Sometimes the quality of FICN printing is so sophisticated even it escapes from detection during transaction. In one case, a fraudster tried to deposit large quantities of 500 - Rupee counterfeit notes intermingled with some genuine notes to one of the nationalized banks. The cashier in the course of counting suspected genuineness of hundred pieces of notes kept in different bundles received for deposit. The fraudulent customer, was detained for further investigation. Similarly, in the same bank, an unknown customer had access for cash deposit and seventy pieces of 500 - Rupee counterfeit notes were forged in the cash deposit machine (CDM). Since the machine had scanner to detect counterfeit notes, automatically verified them without any system generated report. After the transaction hour, the cashier of the bank while collecting the cash from the machine, could find some counterfeit notes were separately segregated inside. The counterfeit notes were collected. Subsequently, the manager of the bank lodged an FIR for both the cases in the local police station. The disputed notes were seized by the investigator and forwarded for forensic examination. The different examination like physical, microscopic, spectral analysis and image forensic study could help to differentiate the genuine and counterfeit notes to establish the crime. The details have been discussed in this paper.

Keywords: 500 - Rupee Notes; Counterfeit; CDM; Physical; Microscopic; Spectral Study; Image Forensic

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