NIA traces FICN to Pakistani mint and mulls naming Pakistan officially.

[Bhairava]

NIA traces fake Indian currency to Pakistani mint

In a major breakthrough which could establish Pakistan’s direct involvement in the counterfeit currency racket in India, the National Investigative Agency (NIA) has found that Fake Indian Currency Notes (FICN) circulated in India are manufactured in a state-owned printing facility in Pakistan.

According to NIA sources, investigators sent the seized counterfeit currency notes along with original Pakistani currency notes to the Committee of Experts, constituted by the security printing and minting corporation of India, asking the committee to scrutinise the currency notes and give their findings.

“The findings are startling and clearly indicate that FICN is being printed in a facility which is owned by a sovereign country,” an officer from a central agency said on condition of anonymity.

According to the expert committee report, the initial study revealed certain similar patterns. “Dry offset printing method has been used in printing the FICN and Pakistani currency notes,” the report said. Interestingly, the PH value found on FICN of Rs500 and Rs1,000 denominations was exactly the same as the one found on Pakistani currency.

Another important factor was that the gram per square metre (GSM) on both FICN and Pakistani currency was identical. “GSM is an indicator about the paper’s nature. The almost identical GSM of FICN and Pakistani currency indicates that the source is same for both papers,” the officer said.

The reverse sides of FICN and Pakistani notes were printed on Simultan Dry Offset press. “On both the samples there is presence of poly vinyl alcohol on the surface. This is another aspect in establishing that both the currencies have the same source,” he said.

“Investigations have revealed that paper making process and the printing process of the legal tender of Pakistan and the seized FICN are same. This clearly shows Pakistan’s involvement in printing and smuggling the FICN into India through Dubai, Nepal and Bangladesh.”

 

[AmberDutt]

Nah! ISI is not stupid enough to leave such an obvious trail..

 

[Bhairava]

NEW DELHI: With India having collected concrete evidence against Pakistan for allegedly printing and circulating fake Indian currency notes (FICNs), New Delhi will for the first time name Islamabad at various international fora soon.

An official said: "India will first approach the Financial Action Task Force -- an inter-governmental body -- whose purpose is the development and promotion of national and international policies to combat money laundering and terror financing. Subsequently, the matter will be raised before World Bank, IMF and Interpol."

Government sources said that a detailed dossier was being prepared incorporating the findings of various agencies like CBI and NIA which had over the years collected evidence, on how the FICNs were being printed at Quetta in Balochistan using "sophisticated machines" and "currency papers" which are actually meant for printing Pakistani currency notes.

Some time ago, the NIA in the chargesheet in an FICN case of Mumbai had clearly hinted at Pakistan's hand in printing and circulation of fake Indian currency. The chargesheet had said: "After thoroughly examining the FICN, it can be concluded that the notes have been printed on highly sophisticated machines which a common man cannot acquire since such machines involve huge capital investment. The perfection of window and watermarks formation indicates the manufacture of FICN paper on regular currency making machines which can only be owned by a country/state."

The chargesheet also said: "The wilful circulation of such high quality FICN printed abroad and smuggled into the country with the intent to threaten the economic security and sovereignty of India, therefore, tantamounts to a terrorist act committed to cause damage and destruction of India's legal tender and monetary system, thereby impeding the economic security of India."

Besides, the security agencies in India recently intercepted conversation between some Pakistani officials and their Indian agents which suggested that FICNs worth Rs 40 crore was ready to be sent to India. Only recently, the CBI had busted a racket by arresting seven persons in Delhi, Haryana, Bihar and West Bengal. Fake currency notes worth Rs one crore -- mostly in denomination of Rs 500 and Rs 100 -- were recovered from their possession.

"This gang had got all the FICNs from Pakistan. Forensic examination of the seized currency notes suggest that the paper used for the purpose was the one which was actually meant for printing Pakistan's currency," said a senior official.

It is suspected that Pakistan might have imported currency paper from European countries beyond its requirement and subsequently diverted it to print FICNs. The agencies here have found that while the FICNs are printed using Pakistan state agencies, these are being circulated through the underworld network of Dawood Ibrahim and his henchmen in West Asian and South-East Asian countries.

The FICNs seized in the recent past, officials said, showed that these notes were brought in by agents from Pakistan via Bangladesh, Nepal, Bangkok, Colombo, Dubai and sometimes Kuala Lumpur.

For first time, India to name Pakistan in fake currency racket

 

[Bhairava]

Nah! ISI is not stupid enough to leave such an obvious trail..

Perhaps we are giving it too much credit.

 

[jha]

Is it time to return the favor..?

 

[AmberDutt]

Is it time to return the favor..?

Its already happening, though not via counterfeit notes or insurgents.

 

[DkBose]

shut down the nepal and bangladesh border,most of the currency comes from there

 

[Mujraparty]

oh man .. i know whats gonna be the response from our beloved pak member"s ...
sombody plz post a pic of a dude wearing tin foil hat with caption "its a conpiracy"..

@ topic if they are taking matters into international agencies then it seems they have gathered enough proof ....so lets wait and watch....

 

[rajusri]

Is it time to return the favor..?

They have gone mad. This is a serious case against India. We should return the favor in a massive way. But it can hit such small economy badly.

Nah! ISI is not stupid enough to leave such an obvious trail..

Making currency is not a easy printing job. Do you think Pakistan will go for a dedicated printing factory for Indian currency? No. It needs lots of investment and secrecy. It is better to print in existing facilities.

 

[TaimiKhan]

Its already happening, though not via counterfeit notes or insurgents.

Not used by error.

Or to be replaced by And

Both tactics being used.

 

[Bhairava]

Not used by error.

Or to be replaced by And

Both tactics being used.

Is there any proof ? I usually read the Tribune and Dawn. But I have not seen any editorials blaming India for it.

 

[AmberDutt]

Not used by error.

Or to be replaced by And

Both tactics being used.

May or May not be.. I can not say conclusively since am not privvy to the GoI internal policy decisions. However the methods I was referring to were neither of the 2

 

[AmberDutt]

Is there any proof ? I usually read the Tribune and Dawn. But I have not seen any editorials blaming India for it.

are you kidding me.. Anything that goes wrong with Pakistan is India's fault by default. So no mention means status quo=India's fault

 

[TaimiKhan]

Is there any proof ? I usually read the Tribune and Dawn. But I have not seen any editorials blaming India for it.

What evidence does India provides when they accuse Pakistan ??

 

[TaimiKhan]

are you kidding me.. Anything that goes wrong with Pakistan is India's fault by default. So no mention means status quo=India's fault

Vice versa, cracker goes in India, the first blame within 5 minutes goes towards Pakistan.

So many blasts happened in India and the blamed went on Pakistan or other Kashmiri freedom fighting organizations, later it came out that it was the work of Hindu terrorist organizations.

So why double standards ?? Why not look into your own self and see what you do and then accuse us.

Hope you would not be kidding next time.