The finance ministry is learnt to have asked financial intelligence and enforcement agencies to transfer judicial evidence with regard to fake Indian currency cases, to the ministry of external affairs (MEA).
There has been a concerted attempt within the government to build a body of evidence to expose Pakistan’s aims to subvert the Indian economy.
The finance ministry is learnt to have asked financial intelligence and enforcement agencies to transfer judicial evidence with regard to fake Indian currency cases, to the ministry of external affairs (MEA).
The move assumes significance as it is perhaps for the first time that India’s foreign ministry is required to be so closely involved with seizures and investigations being carried out across the country, on a regular basis.
The directions have been issued by the Economic Intelligence Council (EIC) that is under the direct supervision of the Union finance minister.
EIC is an apex forum for coordination, exchange of information and development of strategies to combat economic offences.
The EIC has representation from the country’s top agencies, including National Investigation Agency, Directorate of Revenue Intelligence, Central Bureau of Investigation, Multi Agency Center (under the Intelligence Bureau), Enforcement Directorate, Income Tax and Narcotics Control Bureau.
The EIC has apparently deputed an officer of secretary rank in the MEA to oversee the flow of information from various financial intelligence and enforcement agencies.
Intelligence agencies believe that fake Indian currency note (FICN) printing units are located in Karachi, Lahore, Quetta and Peshawar in Pakistan.
These have emerged from several disclosures made by arrested Pakistani agents. There is also credible intelligence with India on import of excess currency paper and ink by Pakistan from European countries supplying same raw material to India as well.
MEA is expected to use the body of evidence at the international forum to create pressure over Pakistan.
After 26/11 India has aggressively built up its case against Pakistan.
Last year the National Security Council Secretariat had initiated an exercise to prepare an economic terror dossier detailing evidence of Pakistan’s attempts at derailing the Indian economy.
The scenario got scarier when the RBI discovered last year that security features on fake notes had been copied with over 95% accuracy, making them undetectable to the naked eye.
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