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HindustanTimes Sat,01 Nov 2014

Features of Pakistani genuine currency match with fake notes circulated in India

Rajesh Ahuja, Hindustan Times  New Delhi, January 29, 2014
First Published: 22:16 IST(29/1/2014) | Last Updated: 22:18 IST(29/1/2014)
For first time scientifically nailing Pakistan in circulating Fake Indian Currency Notes (FICNs) here, a probe by the National Investigation Agency (NIA) has concluded that the qualities and features of genuine Pakistani currency note printed in its government press matched with that of FICNs recovered here all over the country.
 
On the basis of NIA probe, a Mumbai court on Wednesday convicted six accused who were found to be circulating FICNs in India. It is the first conviction in a FICN case anywhere in the country under the Unlawful Activities (Prevention) Act, which is basically an anti-terror legal framework.
 
During the probe we got samples of FICNs seized in Chandigarh, Chitradurga in Karnataka, Kashmir, Thane in Maharashtra, Badwani in Madhya Pradesh, Goa and even fake notes recovered from a currency chest in Kochi and submitted them to the Security Printing and Minting Corporation of India Limited (SPMCIL) for an expert opinion. The opinion was startling,” said a NIA investigators requesting anonymity.
 
The SPMCIL expert report opined the FICNs and Pakistani currency note have most of the pivotal parameters – like density of paper, wax pick quotient, poly vinyl alcohol, PH value – similar to each other and that led to a conclusion that Pakistani government presses are printing FICNs.
 
Some of the FICN recoveries were made from Pakistani terrorists in Jammu and Kashmir, indicating a terror angle.
 
The present case, supervised by NIA DIG Sajid Farid Shapoo, was originally busted by the Maharashtra Anti-Terrorism Squad in June 2009 with the recovery of FICNs to the tune of around Rs. 4 lakh. But due to its national and international ramification the probe was handed over to the NIA by the Union home ministry.
 
Points to note:
 
-Wax pick quotient of FICNs and Pakistani note is 18A
-PH value is also same, to tune of 5 to 5.5
-Surface sizing is similar
-Even the security thread was also present, which appeared to be inserted at the time of prining
-Experts said similar manufacturing process was used for FICN and Pak currency notes
-The sophistication in FICN can only come through a government press
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