Fake money worth Rs 120,000,000,000,000 in India
Published on: Wednesday, 27th October 2010 08:07 AM
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.
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.
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.