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LATEST NEWS UPDATES | Fake currency network intact -Vijaita Singh

Fake currency network intact -Vijaita Singh

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published Published on Nov 11, 2018   modified Modified on Nov 11, 2018
-The Hindu

But forensic reports say notes are of poor quality, security features not copied

Two years after demonetisation, the fake currency notes seized so far are not of a high quality, a probe by the National Investigation Agency (NIA) has found.

Another Home Ministry official said the network of same fake currency operators was still intact as two years ago, that pushed fake notes from the Bangladesh border. But there was not much evidence to link it to Pakistan yet. A reason cited by the government for scrapping ?500 and ?1,000 notes in 2016 was to wipe out fake notes.

India had accused Pakistan’s Inter-Services Intelligence (ISI) of printing high-quality fake notes and channelling it into India. Agencies suspected that certain security features of ?500 and ?1,000 notes were compromised as the supplier of raw currency notes, ink and silver thread was same for India and Pakistan.

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The Hindu, 11 November, 2018, https://www.thehindu.com/news/national/fake-currency-network-intact/article25465989.ece?homepage=true


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