Judgment Mahesh Grover, J. 1. This is a petition under Section 439 of the Code of Criminal Procedure, 1973 for grant of bail to the petitioner in a case registered vide F.I.R. No. 125 dated 25.6.2009 under Sections 489, 489-A, 489-B, 489-C, 420 read with Section 120-B of the Indian Penal Code, 1860 (for short, the I.P.C.) at Police Station, Sector 31, Chandigarh. 2. The allegations against the petitioner are that she was in possession of fake currency notes of Rs. 4,26,000/-. Therefore, she has been accused of having committed offences punishable under the aforementioned provisions of the I.P.C. 3. Learned counsel for the petitioner has contended that the only allegation against the petitioner is that she was in possession of counterfeit currency and, therefore, at best, she can be said to have contravened the provisions of Section 489- C of the I.P.C. which offence is bailable and, therefore, she ought to have been released on bail,but she was subjected to police remand and was never granted bail and her prayer for releasing her on bail has been rejected without taking into consideration this fact. He further contended that the petitioner was not having in her possession any instrument or material for forging the counterfeit currency and was not using the counterfeit currency and was not counterfeiting the same. He, thus, submitted that prima facie, the petitioner was charged with the offence which was bailable one and she, therefore, deserves the concession of bail. 4. On the other hand, learned counsel for the respondent contended that the investigation has revealed that the petitioner is a kingpin, who was frequenting Pakistan and was channelizing the counterfeit currency through the agency of other co-accused and was,thus, involved in the commission of offences which have been arrayed against her. He further contended that this being the position, the petitioner is not entitled to the concession of bail. 5. I have thoughtfully considered the rival contentions and have gone through the file. 6. The investigation which has been carried out so far and the details which have been shared with the Court, reveal that the petitioner is involved in the trafficking of the counterfeit currency and her plea that she was not in the knowledge of the fact that the amount allegedly recovered from her was counterfeit currency does not inspire any confidence. The investigation which has been carried out so far and the details which have been shared with the Court, reveal that the petitioner is involved in the trafficking of the counterfeit currency and her plea that she was not in the knowledge of the fact that the amount allegedly recovered from her was counterfeit currency does not inspire any confidence. In fact, the facts reveal that the petitioner is the vital and crucial link in a chain where a number of persons are involved in flooding the country with the counterfeit currency. The heavy amount recovered from her is an indicator of this fact. In the opinion of this Court, it is an extremely serious offence which not only reflects on the attempt to affect the economy of the country, but has other ramifications in the present scenario where such like currency is used to subvert the security interest of the country as well. 7. Thus, having regarding to the totality of the circumstances, the prayer of the petitioner for grant of bail does not deserves to be accepted. Accordingly, this petition is dismissed. All pending miscellaneous applications are also dismissed in view of the above.