Demonetisation: Fake Rs 2,000 notes reach India from Pak via Bangladesh border
As per an Indian Express, the notes were recovered during recent seizures and arrests made by the National Investigation Agency and Border Security Force(BSF)
Express News Global
Updated: February 13, 2017
New Delhi, February 13: In a major blow to demonetisation drive of Prime Minister Narendra Modi, fake Rs 2,000 notes allegedly made in Pakistan were recovered from India, which was pushed by smugglers through the porous India-Bangladesh border.
As per an Indian Express, the notes were recovered during recent seizures and arrests made by the National Investigation Agency and Border Security Force(BSF).
The notes were seized from a 26-year-old man named Azizur Rahman from Murshidabad on February 8.
40 fake notes in Rs 2,000 denomination were recovered from him, which were allegedly printed in Pakistan with the help of the Inter-Services Intelligence (ISI), and had been smuggled across the border from Bangladesh.
According to the report, smugglers were required to pay Rs 400-600 in genuine currency for each fake Rs 2,000 note, depending on the quality.
According to experts, at least 11 of the 17 security features in the new Rs 2,000 notes had been replicated in the fake ones. The copied features include the transparent area, watermark, Ashoka Pillar emblem, the letters ‘Rs 2000’ on the left, the guarantee clause with the RBI governor’s signature and the denomination number in Devanagari on the front.