New Delhi: Neighbouring nation Pakistan is yet again activating its pre-2016 fake currency distribution in a bid to finance terror activities in India sources said.
India’s step towards demonetization three years back in a bid to stop the circulation of black money in the economy has somehow contained the situation but now Pakistan has begun producing high-quality Fake Indian Currency Notes (FICN) again sources said IBTimes reports.
According to Senior officials, this counterfeit currency is entering Indian soil through diplomatic channels in Nepal, Bangladesh and other countries.
The officials stated networks established by the terror organization ISI with agents based in Kathmandu and Birganj have been pushing the FICN consignments from Nepal to India.
“ISI transported fake notes through the state-owned Pakistan International Airlines, or through the diplomatic bad to its Missions in Dubai, Kuala Lumpur, Hong Kong, and Doha,” sources said.
With previous reports suggesting Pakistan’s Inter-Services Intelligence (ISI) have already copied sophisticated security features of the Rs 2000 Indian currency notes, the FCIN consignments reports seem to be true.
The security officials were alerted in June about the presence of highly advanced fake notes. A large consignment of currencies amounting to Rs 7.67 crore was seized by the Nepal police at Tribhuvan Airport in Kathmandu.
Optical Variable Ink :
The Optical Variable Ink supplied by a multi-national company used in currency is being smuggled into Pakistan by a state-run printing press to produce fake notes said Directorate of Revenue Intelligence official
“It seems that Optical Variable Ink is being smuggled through the connivance of the state-run printing press in Pakistan from a multi-national company which supplies this ink only to federal governments. It is a serious security breach,” the official said.
In the month of September, the Punjab Police seized Rs 10 lakh worth fake currencies from members of the Khalistan Zindabad Force (KZF) along with AK 47 Rifles, 30 bore pistols, nine hand grenades, five satellite phones, two mobile phones and two wireless sets through a Pakistan drone.
Farina Arshad, Pakistan’s Second Secretary at its High Commission in Dhaka, stepped down from the position after reports revealed that she had helped militant group Jamaat-ul-Mujahideen (JMB) in its operations.
Following the same year, Bangladesh has expelled another delegation in Pakistan Mission’s consular unit, Mazhar Khan for aiding terror fundings through FICN.
Intel reports suggest that the earning from the fake currency consignments are used to fund terror outfits like Hizbt-Tahrir, Ansurullah Bangala Team and Jamaat Shibir from Bangladesh.
Financial Action Task Force (FATF), an international institute has already listed Pakistan on a grey list.
FATF monitors international money laundering and is in high risk of being blacklisted.
A recent Asia/Pacific Group on Money Laundering (APG) report slated to be announced next week stated: “With the exception of some recent actions discussed in detail below, Pakistan has not taken sufficient measures to fully implement UNSCR 1267 obligations against all listed individuals and entities – especially those associated with Lashkar-e-Tayyiba (LeT)/Jamaat-ud-Dawa (JuD), and Falah-i-Insaniat Foundation (FIF) as well as the groups’ leader Hafiz Saeed.”