Beware of Pakistan Printed ‘Genuine Fake’ Notes, Warns IB: Reports

published on July 1, 2014

Kerala, it seems, has become a prime link in the vicious chain of counterfeit currency. According to Intelligence reports, no efforts are being spared by ISI to destabilize the nation’s economy. Indian counterfeit currency, say official sources, are being printed galore, allegedly under official supervision, in Pakistan’s Quetta.

“Distribution of these notes is via the henchmen of notorious international criminal Dawood Ibrahim. The notes are first handed over to Dawood aide and brother Anees Ibrahim, from whom it is handed over to the numerous outlets in India, spread over various states. Kerala, in this vicious link, bears a prime spot,” say sources.

“The notes are available for free, as soon as they are printed. They are handed over to those persons who stand at the top most rung of the distribution racket. It is further distributed to lower rungs. In the last few years, counterfeit currency of over 100 crore rupees has been printed,” says Intelligence report.

 According to sources, the notes reach Kerala via migrant workers. The recent haul was when two Biharis reportedly brought these notes to Kochi from Pakistan via Bangladesh border. The arrested men were Israt Ali, 24 and Mohammed Ujeer, 24.

According to official sources, the police are investigating the probable role of Pakistan in the production of counterfeit currency. It is suspected that the notes were handed over to a Bangladeshi citizen residing illegally in Jharkhand, from where migrant labourers working in Kerala bring it over to the state, when they visit their home state. A few agents in Jharkhand area are also believed to be working behind the transfer.

“A sum of Rs 5,000 is  being given as commission for deal of Rs 20,000. The notes so far confiscated are mostly of  1000-rupee denomination and original-like,” say sources.

According to R Nishanthini, DCP (Law and Order), Kochi city, the police will take necessary steps to find out the sources of fake currency notes.  “Investigations so far have revealed that the notes were brought from Bangladesh, but the suspects have denied of any knowledge that the notes were from Pakistan,” she said.

(With media inputs)

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