Srinagar, Aug. 9 -- A local court in Baramulla Friday rejected the bail application of a man arrested by police in connection with a case involving alleged counterfeit currency.

Sub Judge Baramulla, Iram Haneef Khan, while rejecting bail application of the accused, Irfan Ahmad Bhat of Tehsil Narwav Baramulla, arrested in connection with a case (FIR: 42/2025) said "the accusations against the accused are grave and serious in nature. The offences U/s 178 to 180 of BNS pertain to counterfeit currency, which poses a direct threat to the economic security and integrity of the nation."

The court said "the material collected by the investigating agency so far including the seizure of fake currency notes to the tune of Rs 1,47,500 from the poss...