Pak terrorists using Malaysia as transit point for fake rupees

Kuala Lumpur, Jan.13 (ANI): Pakistani terrorists are reportedly using Malaysia as a transit point to move counterfeit Indian rupees into India to destabilise that country.

The New Strait Times quoted Indian Institute for Defence Studies and Analysis senior researcher Brigadier S.K. Saini as saying that the transfer of fake notes had been going on for some time but had worsened in the last five years.

"The latest incident occurred in October last year when Indian authorities intercepted a large consignment of fake Indian rupees en route from Malaysia to India," Brigadier Saini said.

He declined to state the exact amount involved but said the overall figure from Malaysia and other countries ran into billions of rupees.

Saini said the movement of counterfeit currency continued unchecked despite concerted efforts by Indian and Malaysian authorities.

"The Pakistani elements behind this racket are doing this to create confusion and destabilise India," he told the New Straits Times.

It is understood that counterfeit rupees are also being smuggled into India from Nepal and Bangladesh.

Saini said the terrorists' objective were two-pronged -- to undermine the Indian fiscal sector and set up legitimate companies and businesses to fund their terrorist activities in India. He said the fake notes were of such high quality that even experts in India could not tell them apart. (ANI)