London : Three years after India demonetised high currency notes to crackdown on black money, Pakistan has started producing, smuggling and circulating better quality Fake Indian Currency Notes (FICN) to finance illicit activities and militant groups, including the Lashkar-e-Taiba and its affiliates, Jaish-e-Mohammed.
Senior officials reveal that a large amount of counterfeit currency from Pakistan is making its way into India using pre-2016 system and infrastructure- of gangs, their syndicate, channels, and routes.
Most surprisingly, Pakistan has been misusing diplomatic channels in Nepal, Bangladesh and other countries to bring and distribute consignments of Fake Indian Currency Notes.
Sources reveal that Pakistan's secret agency, the ISI, manages to create this currency of better visual quality than the earlier photocopied notes.
In May 2019, a recently released D-company associate, Younus Ansari, was arrested with three Pakistani nationals at Kathmandu Airport with a huge consignment of Indian currency totaling Indian Rs 76.7 million.
The temerity of the couriers was obvious from the fact that the stash was not even concealed, as in the past, but was loosely dumped into checked-in baggage. The consignor was notorious Pakistan-based FICN smuggler Razzak Marfani.
