On November 8, 2016, Prime Minister Narendra Modi announced the decision to demonetise Rs 500 and Rs 1000 notes. The move, he said, was aimed to curb black money, terror financing and counterfeit currency.
The Intelligence agencies reported that the move had closed down presses of counterfeit notes in Pakistan.
However, barely two months after the new Rs 2,000 notes were launched with additional security features which experts said were impossible to counterfeit, Pakistan has successfully printed fake notes with many of the same features.
The dirty plan of ISI to flood Indian markets with fake notes came to light after Police arrested a person in West Bengal's Malda and recovered a counterfeit note of Rs 2,000. Looking at it first, even the police were unable to establish if it was real or fake note.
Three to four fake notes have been seized within four days in the area but there could be many more as it is hard to differentiate the fake from the real.
The notes were sent to Malda via Bangladesh and were just a test by the Pakistan to see if the plan succeeds.
Talking to India TV, PSR Anjaneyulu, BSF IG, said that Pakistan has made Bangaldesh its base to supply fake notes in India. He said that the seized notes have many of the features of original Reserve Bank of India (RBI) notes. Such a fine job can not be done by an individual and it is being done at the behest of Pakistan government and its agencies, he said.
BSF, intelligence agencies and even RBI is keeping close watch on the matter, he said.
Zia-ul-Haq, the suspect from whom the fake note was seized is currently being interrogated so more information can be gathered about this.
Currency experts believe that Pakistan uses the same ink and paper as the RBI to print its fake notes.
