Fake Indian Currency Notes Menace

Woman ‘ISI agent’ held with fake currency

In a major breakthrough, the police have arrested a suspected Inter-Service-Intelligence (ISI) agent and recovered fake currency with face value of Rs 4.8 lakh from her.



The accused, Savinder Kaur, is a widow hailing from Bhawani Nagar area in Amritsar. She was arrested from Amritsar.



Savinder was arrested following the interrogation of the kingpin of the fake currency racket



Yudhvir Singh alias Yodha, arrested on July 31.



With religious groups, Savinder (58) had visited Pakistan on many occasions in the past, the police said. Earlier, she lived in Srinagar and shifted to Amritsar during the days of terrorism in Punjab.



The police said she was dealing in fake currency for the last one year. The fake notes recovered from her are in the denomination of Rs 500 and 1,000 — she allegedly brought them three months ago.

How/why do they suspect her being an agent? And why would they release that information without any proof? That would only further weaken the case.

its in the article itself.

Savinder was arrested following the interrogation of the kingpin of the fake currency racket

Holding fake currency is a proof itself and that too in large amounts. Its a different story if those fake currency notes were planted by some one else to implicate her in the crime out of some revenge.

Like this kind of ANIMALS(PEOPLE) Just hang them on Public Immd.

I think India should change its paper and ink of its currency. Pak is able to copy, coz it buys the same paper and ink from where india buys. India should make her currency like Australia one (plastic notes)

Indian Government is in talks with European government on this matter .

Inputs also reveal that transnational networks exist which use countries such as UAE, Malaysia, Thailand, Bangladesh, Nepal, Sri Lanka and Myanmar as transit points for bringing fake Indian currency into the country.

And what would be the truth CBI has informed that the FICN is a huge risk with lots of fake currency in circulation , however RBI has informed that it is not such a big threat, this has been going on for years, its high time that this matter is looked into in a serious manner by the Government.

That's what the Indian govt plans to do soon, iirc.
And you are right, the fake Indian currency is being printed in Pakistani mints.

Fake currency is available for 60-80% of the price openly, at least in Delhi this is the case.

4.8 lacs is a small amount imo. And we have just eliminated one courier, not the source.

4.8 lacs may be small amount, but when you add up such small amounts being peddled by these couriers it will be huge amount and in the end it is our economy that will suffer, people will slowly lose confidence in the currency notes if this menace is not stopped.

These couriers might not know the implications to national security when they peddle fake currency but they do know that they are doing illegal things. That should be enough to put them behind the bars.

yeah hanging is the good judgement tamil. dont show mercy to them. because this shows coward activities of ISI

yeah it s good judgement Tamil. This shows the cowards activities of ISI. They should be hanged infront of public(that too in front of pakistanis)

your idea is good dude, but when this is going to happen. our politicians must want to take a serious concern abt this. would they????

This merely proves that she participated in the fake currency scandal, but sheds no light whatsoever on her being an "ISI agent."

On 15th August?...what do you think?

Ink used for printing currency found missing
PTI 6 August 2009, 03:55pm IST


NEW DELHI: About five kg of high-security ink used for printing Indian currency has been found missing from a consignment on its way to a printing centre in Mysore, compounding the persisting problem of proliferating fake currency notes.

Central security agency sources said a consignment of OVI Intaglio ink was sent from Swiss firm SICPA's unit in Sikkim to Bharatiya Reserve Bank Note Mudran in Mysore.

The consignment, sent in May, contained cans containing the special ink, used exclusively for printing currency.

But when the consignment reached Mysore on May 30, about five kg of the ink was found missing, and after that an FIR was filed with the local police.

Asked about the missing consignment, an official of the printing press -- on condition of anonymity -- said, "About 2-3 cans were missing from the ink consignment. We are yet to receive any word from the police about how the ink was pilfered."

Sources said the missing ink consignment is a major security risk especially at a time when the circulation of fake notes has become a big problem.

"Fake Indian currency notes now come with better printing technology and it is difficult to differentiate between the fakes and the original and hence the missing consignment of ink is a major problem," a source said.

Sources said the ink costs over Rs one lakh per kg and is imported.

Ink used for printing currency found missing - India - NEWS - The Times of India