Rs 1,000 crore worth fake currency waiting to land in India

A large consignment of fake notes is waiting to be offloaded into India an Intelligence Bureau report says

The Rawalpindi module may have printed at least Rs 1,000 crore worth of fake currency in the past month, Intelligence Bureau officials suspect. The pattern in which the notes are being printed and sent indicate that there is a huge consignment of the new Rs 2,000 fake notes awaiting to be offloaded in India.

[How Pakistan perfected fake currency after demonetisation]

The route that the racketeers are taking is also interesting. Amanullah and Khaliq, the prime players in this racket were given Pakistani passports. The notes are printed in Rawalpindi and it is taken to Dubai. The accused persons took flight number 334 to Dubai from Pakistan, from there they boarded flight 583 to Dhaka in Bangladesh and hired mules to drop off the consignment at Malda in West Bengal.

IB officials say that the other routes that are being taken are through Sri-Lanka, Nepal, Thailand and Malaysia. These have become major hubs and transit points for the fake currency racket.

IB officials complain that the local police in West Bengal reacts very slowly to this problem. "The racket in Malda is growing, and despite alerts and warnings, the local police have been slow to act. We have been pointing out to them about the routes and the modules, but action has been slow to come by," the IB officer says.

"Malda has become the only landing point for fake currency and this racket is on since the past 6 years now," the officer also points out.

The other worry is that the Inter-Services Intelligence-sponsored network has managed to replicate most of the security features on the new Rs 2,000 notes. In December, the fake notes seized showed that six out of the 17 security features had been replicated. The number then went up to 11, and as of today as per the latest seizure the number stands at 12, officers informed.

OneIndia News