The National Investigation Agency (NIA) Special Court has granted bail to Abdul Majeed, a close aide of underworld don Dawood Ibrahim and an accused in two Fake Indian Currency Note (FICN) cases. Hailing from Malappuram, he is the ninth accused in the Kondotty FICN case and the second accused in the Nedumbassery FICN case.
Earlier, Majeed had received bail in the Nedumbassery FICN case after NIA failed to file chargesheet within 90 days.
The NIA Court granted him bail in the Kondotty FICN case on strict conditions. He has been asked not to leave the district and state without the permission of the court. He is also required to be present before the Investigation Officer whenever required. Tahir Merchant alias Tahir Taklya is the prime accused in the Kondotty FICN case.
Abdul Majeed, along with Tahir and Muhammed Rafi, had been raising funds from the Gulf countries and smuggling fake currency notes to India to destabilise the Indian economy since 2007. Even though NIA had submitted before the court that FICN is being pumped to the country to fund terrorist activities, they did not charge any offences under the Unlawful Activities (Prevention) Act.