New Delhi: Staying true to its colours, the fake Indian currency notes (FICN) printing modules in Peshawar and Karachi backed by Inter-Services Intelligence (ISI), has now decided to print notes of denominations of Rs 100. This comes in the backdrop of Prime Minister Narendra Modi announcing demonetisation of Rs 500 and 1,000 notes since midnight of November 8, 2016.
The report comes via information picked up by intelligence agencies since Tuesday night and Wednesday.
Since three years, these modules were involved in illegal distribution of fake currency notes of Rs 500 and 1,000, but since the announcement of temporary discontinuation of the notes, there is now a change in their policy.
As per sources, the FICN nodal, Iqbal Kana and Dawood Ibrahim’s right-hand, Aftab Batki were briefed about the same by the ISI on Tuesday night. Kana has been running a number of organisations since 1993 which smuggle notes into India.
ISI can replicate Rs 100 notes within 24-hours, including all the security features introduces by the government. As per officers, it may become even more difficult now to differentiate between a genuine Rs 100 note and a fake one.
As per a study by Indian Statistical Institute, Kolkata, in every 10 lakh notes circulated in India, 250 are fake and the amount of fake currency is worth Rs 400 crore.
First Published | 10 November 2016 10:56 AM