The National Investigation Agency (NIA) has filed charges against Md Fasi Uddin, a Hyderabad resident, in connection with the discovery of high-quality Fake Indian Currency Notes (FICN) in Bihar. Md Fasi Uddin is the fifth individual accused in the 2024 case related to the recovery of counterfeit currency from Banjariya in Champaran district. The NIA stated that he was part of an international network involved in undermining India’s economic security by dealing in counterfeit currency.
Investigations revealed that Md Fasi Uddin, who was arrested in August 2025, played a significant role in transferring illicit funds to a handler based in Pakistan. Allegedly, he used cryptocurrency to make payments to a Pakistani national. The NIA also found that he had accompanied a previously charged individual, Md Nazar Saddam, to Raxaul and Nepal, aiding in the smuggling of fake currency across the Indo-Nepal border.
Md Fasi Uddin has been charged under various sections of the Bharatiya Nyaya Sanhita (BNS) and the Unlawful Activities (Prevention) Act (UAPA). A supplementary chargesheet was submitted before the NIA Special Court in Patna after a thorough investigation. Earlier, in August 2025, the NIA had charged Md Nazar Saddam, Md Waris, Md Zakir Hushain, and Muzaffar Ahmad Wani alias Sarfaraz in the same case.
