New Delhi, August 04: The government on Monday decided to take up the issue of fake Indian currency notes (FICN) with European countries, including Britain, which are exporting ink and currency paper to Pakistan from where most of the counterfeits originate.
Official sources said Home Secretary G K Pillai on Monday briefed Cabinet Secretary K M Chandrasekhar about how Pakistan’s ISI is trying to destabalise the Indian economy by pumping in large amounts of FICN.
Mr. Chandrasekhar, who chaired a high-level meeting, has now decided to take up the issue with foreign countries.
The meeting was attended by representatives from the Reserve Bank, the Intelligence Bureau, the Directorate of Revenue Intelligence, the Economic Intelligence Bureau, the Enforcement Directorate, the Customs and the paramilitary forces, among others.
“The currency printing ink and papers are exported to Paksitan from European countries, similar to what is being given to India. We feel that a part of the consignment is being used by the ISI to print high quality FICN,” sources said.
Sources said agencies and state representatives have been asked to increase their vigil against fake currency notes, besides speeding up probe into already registered cases.
They said the meet stressed on the need to have a greater coordination among agencies. The meeting also discussed about possible security measures that could be taken to check the menace.
–PTI