| Submit your comments on this article |
| India-Pakistan |
| Pakistan printing fake Indian currency at Queta |
| 2006-09-18 |
| NEW DELHI: A Pakistani government printing press in the city of Quetta is reportedly churning out large quantities of counterfeit Indian currency. The rupee notes are then smuggled into India as "part of Pakistan's agenda of destabilising the Indian economy through fake currency," an Indian daily said. The notes are "supplied by the Pakistan government press free of cost to Dubai-based counterfeiters who, in turn, smuggle it into India using various means," the report said quoting a CBI note to Indian security agencies and the finance ministry. Pakistan's intelligence agency, Inter Services Intelligence (ISI) allegedly plays an active role in the scam. The notes "are pushed into India by ISI through all possible channels using smugglers, underworld gangs, terrorists and general air/rail passengers". The Indian intelligence agency picked up the trail of the counterfeiters from interrogations of a Gulf-based bookmaker who was deported from Dubai to India. The Reserve Bank of India has estimated the amount of fake currency in circulation at almost 1.7 trillion rupees (37.5 billion dollars), the report said. Quetta is the capital of Pakistan's volatile southwestern Baluchistan province, where tribal leader Nawab Akbar Bugti was recently killed in a government raid. The story came on the heels of a meeting in Cuba between Indian Prime Minister Manmohan Singh and Pakistan President Pervez Musharraf. The two leaders agreed to resume ministerial-level peace talks stalled in the wake of the deadly Mumbai bombings in July and to cooperate on fighting terrorism. |
| Posted by:john |
| #8 We [USA] certainly have the tech and expertize to to produce flawless counterfeit currency and then retaliate against any State which counterfeits and circulates our currency. I like the way you think, RD. |
| Posted by: Zenster 2006-09-18 23:35 |
| #7 Is anything legitimate produced in Pakistan? |
| Posted by: tu3031 2006-09-18 20:21 |
| #6 Maybe we should drop trillions of counterfit Rupees on the Emirate of Wara-whaever-a-stan. |
| Posted by: 3dc 2006-09-18 19:50 |
| #5 and i'm sure India does too. |
| Posted by: RD 2006-09-18 19:21 |
| #4 We [USA] certainly have the tech and expertize to to produce flawless counterfeit currency and then retaliate against any State which counterfeits and circulates our currency. |
| Posted by: RD 2006-09-18 19:20 |
| #3 Well it fits Cuba manufactures rag paper that matches that of US currency and spreads it all over the world. Cuba may counterfit US money. Iran counterfits US money. North Korea counterfits US money. It would not surprise me if Pakistan does as one wonders what they sell on the world market to generate revenue other than scams like BCCI. |
| Posted by: 3dc 2006-09-18 18:36 |
| #2 I think we now know what the Paks used the ink for... and it was not for passports.. |
| Posted by: john 2006-09-18 16:54 |
| #1 There are various aspects to the problem. For one, intelligence agencies have been unable to pinpoint what Pakistan has done with the 4 kg of "green to blue (colour shift)" Optically Variable Ink a patented product of a Swiss manufacturer ostensibly for a security feature in its passports. This is the same ink India uses for currency notes of the Rs 500 denomination. One kg of ink can produce 32 lakh notes. |
| Posted by: john 2006-09-18 16:51 |