Central intelligence agencies have communicated the high incidence of fake Indian currency notes printed without the Indian territory and being pumped into the Indian economy.
The recent spate in arrests and seizures confirm a larger game plan
Central intelligence agencies have communicated the high incidence of fake Indian currency notes (FICN) printed without the Indian territory (read Baluchistan in Pakistan by the Inter Services Intelligence) and being pumped into the Indian economy, following a spate of seizures effected in recent times.
Saturday's announcement by the Hyderabad police of a Rs2.36 crore seizure of FICN from a UAE citizen Alkax Khamis Obaid, 31, and three others has been the more recent case in point. This seizure was preceded by two months of sustained interrogation of Abdullah Mukri a top henchman in the Dawood Ibrahim gang who operates the FICN racket perpetrated by the ISI through Ibrahim's distribution network.
Anti Terrorist Squad (ATS) chief KP Raghuvanshi when contacted told DNA, "The FICN operatives functioning in India and abroad may be a part of the larger network used for distributing the fake Indian currency, but their role is distinct from that of the operatives who were involved in carrying out bomb blasts in Hyderabad on Saturday."
Abdullah had similarly been detained in Sri Lanka a few months ago and found in possession of a Rs2 crore consignment of FICN. The Central Bureau of Investigations (CBI) completed his extradition procedure and brought him down to Chennai after which he was grilled by other central intelligence agencies, amongst other things regarding the killing of a key intelligence informer Abu Hamza.
Abdullah, had told his interrogators that he alone was entrusted with the task of smuggline over Rs 5 crore of FICN into Indian territory., while adding that he was only part of one of the modules involved in the nefarious activity.
On August 18 he was handed into the custody of the Mumbai Crime Branch that has been investigating two distinct cases in the city in January 2007 when two seizures of Rs28 lakh each in FICN were recovered from the vicinity of the International airport and a south Mumbai address.
FICN cases are distinct from counterfeit currency cases as the latter are printed and circulated from within Indian territory itself and lacks in the sophisticated finishing that FICN notes possess.
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