The Indian foreign secretary pointed to robust bilateral relations between the two countries for her optimism in expecting concrete deliverables in Bangladesh cooperating with India tackling the FICN
NIA had produced evidence through RBI experts and forensic tests by Security Printing and Minting Corporation of India Limited (SPMCIL) to show that FICN
features, paper quality and printing quality matched that of Pakistani currency and thus could only have been printed by Pakistan government press.
The International Narcotics Control Strategy Report 2011 of the US State Department mentions about the problem of FICN
and how these notes originating mostly from Pakistan are used to fund criminal networks and terrorists in India.
Nobody had the guts and moral courage to nail the widespread FICN
since the abyss of corruption was very deep.
Coordination Group (FCORD) has been formed in the Ministry of Home Affairs to share the intelligence/information amongst different security agencies of States/Centre to counter the menace of agencies to effect more seizures.
Looking at the multi-dimensional aspects of the Fake Indian Currency Notes (FICNs
) menace, several stakeholders like the Ministry of Finance, Ministry of Home Affairs, Reserve Bank of India, Security and Intelligence Agencies at the Centre and States are making efforts to curb the illegal activities related to FICNs
The pulp found to be 100 per cent rag in the FICN
which is normally used in making currency papers.
Indian intelligence agencies suspect counterfeiting is just the tip of the iceberg as the FICN
network is aiming to disturb the internal security of the nation by funding terror outfits and international crime syndicates.
The alertness of the BSF men made them fail in their attempt and the security forces seized the plastic packet, which contained FICN
worth Rs 4, 96,000.
Iqbal Kana, who is the biggest dealer of FICN
used to get a bagful of fake currency from an ISI Brigadier.
have been routed through border- states of J& K, Punjab, UP, Bihar and West Bengal, from Pakistan, Nepal, Bangladesh and Dubai.
Later when higher official went to the other side of the fence and searched, they found 18 packets of suspected drugs and five lakh worth FICN
(Fake Indian Currency Note).