Govt blames Pak for smuggling fake notes
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Last Updated: Tuesday, August 04, 2009, 19:48
New Delhi: India on Tuesday blamed Pakistani intelligence agencies for flooding the market with counterfeit currency notes even as it strengthened vigilance to check smuggling of fake notes into the country.

"As per intelligence reports, involvement of Pak officials suspected to be working for intelligence agencies of Pakistan has been revealed," the minister of state for finance, Namo Narain Meena, told the Rajya Sabha.

He said the government had taken a lot of measures to curb circulation of fake currency in the country, including stepping up of vigilance by the Border Security Force and customs authorities to prevent smuggling of fake notes.

Also, a high-level committee headed by the union home secretary and comprising officials from central agencies and other senior officials has been constituted to monitor and chalk out a strategy to check the influx of fake currency.

Forged Note Vigilance Cells have been incorporated in the head offices of all banks and the common man is being informed through print and electronic media, the minister added.

While the CBI has been appointed as a nodal agency by the government to monitor investigation of fake currency notes, the RBI has strengthened the mechanism for detection of counterfeit notes.

Bureau Report

First Published: Tuesday, August 04, 2009, 19:48

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