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| Key ISI man says Pak spy agency has set up a unit in Nepal to print fake IC notes | | | Asif Iqbal Naik
Kishtwar, Sept 20: According to a fresh discloser made by key ISI agent Mehrajudin, presently in Kishtwar police custody, the Pak spy agency had set up a press in Nepal to print fake Indian currency (IC) notes.
He and a Pakistani were running this printing press, he told police.
He informed the investigating agency that ISI arranged special paper used in printing currency notes. He confessed that he had received the delivery of special paper and later printed the IC notes.
Mehrajudin said the ISI and its man managed to copy the IC notes in such a way that a common man in India could hardly differentiate between the original and the fake currency notes.
As already reported ISI had designed special boots for him to carry two packets of fake IC notes in them.
Sources said Mehraj, during his questioning, informed that ISI kept a close eye on IC notes issued from time to time and accordingly started its efforts to copy them.
Sources said that ISI had constituted a team of experts for copying Indian currency notes so that the same could be printed in Pakistan and Nepal and later smuggled to India.
Sources said that earlier ISI also printed Rs 50 and Rs 100 denomination notes, but it had now shifted the focus on printing fake currency notes of Rs 1000 and Rs 500 denomination only.
Sources said that earlier the Indian fake currency notes were printed in Karachi, Gujrawala and Rawalpindi areas of Pakistan, but now ISI had established its base in Nepal from where it was easy for them to smuggle fake Indian currency notes into Indian territory.
It is worthwhile to mention that according to a report by the United States State Department in the 2011, criminal networks exchanged counterfeit currency for genuine notes and this facilitated money-laundering on a scale that "represents a threat to the Indian economy."
The report further argued that India's economic and demographic expansion made the country an "increasingly significant target for money-launderers and terrorist groups," adding that India's extensive informal economy and remittance systems, porous borders, strategic location, persistent corruption, and historically onerous tax administration contributed to its vulnerability to financial and terrorist-related crimes. |
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