h1

Counterfeiting in India at crisis levels

November 9, 2010

Counterfeiting by Islamist groups has become widespread in South Asia.  It’s only kaffir paper currency.  Might as well steal, copy, and decimate it.  (See here, here, and here for semi-related coverage.)

Puneet Madaan sends in the latest on the counterfeiting saga from a Rediff article entitled “Fake money worth Rs 120,000,000,000,000 in India” on Oct. 26:

Even as the government of India speaks of taking preventive measures to curb the menace of fake currency, statistics show there is nearly Rs 12,00,000 crore worth of fake currency still in circulation in India.

While India managed to seal the fake currency’s Pakistan and Nepal route into India to a large extent, Inter Services Intelligence-sponsored operatives have furthered their activities by shifting base to Thailand.

These elements have been pumping in fake currency into the Indian market with help of operatives of the Dawood gang who have a strong base in Thailand.

The key player in this racket today is Aftab Bhakti, a D Gang operative who reports directly to Major Ali and Arshad Khan, both top ranking ISI officers.

Bhakti grew in stature, as he had been operating out of Thailand for nearly a decade. During his earlier stint, he coordinated with the mafia in Thailand on behalf of the D-gang. They were primarily into smuggling of drugs.

The D gang’s network is very deep-rooted in Thailand and there was already an existing route between this country and Bangladesh through which drugs were being smuggled.

Moreover, as this particular route was not on the radar of the Indian agencies, the ISI thought it would be best to use this route to transport fake currency as well.

Earlier, all notes were being printed in Pakistan and then transported into India through Nepal. However, the scenario changed post the November 26 attacks on Mumbai, which prompted the ISI to rethink its strategy.

In the current scenario, the notes are being printed in Thailand and then local operatives pump it in to India via Bangladesh.

Intelligence Bureau officials told rediff.com that they have shared information to this effect with the Central Bureau of Investigation, which is looking into this case in India…

Puneet also forwarded an email he received from India along with the article.  The correspondent wrote:

…India is in great danger of loosing its independence. Muslims are buying all property in India with fake money.

I have talked to my relatives who own businesses and they tell me that fake money is a routine problem and very annoying. With no help from govt.people either pass it on or accept the loss.

This is the main reason that inflation particularly in property area is very very high and nowhere you can support it with income even of professional of India. 

If you are investing in India, a day may come when your stock can become worthless not because the company fails but because the value of currency would go down so much. 

Pakistan has been pumping fake money in India for last 30 years – this is another form of warfare they have mastered beside terrorism…

Advertisements

2 comments

  1. […] Ibrahim, the second wealthiest terrorist ever, and his criminal D-Gang syndicate sit atop a multi-billion empire.  Much of that wealth has been offshored to the Nassau […]


  2. […] counterfeiting is a national crisis in India, and the new security features on the bills should help reduce the ability of […]



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: