Nepal PM assures crackdown of fake currency

Two Nepalese citizens have been arrested carrying fake notes to the tune of Rs 40,000 in the border town of Raxaul in north Bihar. Meanwhile, Nepalese Prime Minister Madhav Kumar Nepal today assured India to crack a whip on the counter-currency trail.

Nepalese Prime Minister Madhav Kumar Nepal on Wednesday assured India that he will not allow the smuggling of fake currency notes to India. Speaking to the media, he said that tough action will be taken against those involved in the fake currency racket.

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The PM's assurance comes at a time when two Nepalese citizens have been arrested carrying fake notes to the tune of Rs 40,000 in the border town of Raxaul in north Bihar. The accused have been identified as Shyam Kumar Shah and Azad Alam. The notes were reportedly given to them in Nepal's Birganj area.

The 751 km long Indo-Nepal border, is very porous and is allegedly used by Pakistan intelligence agency ISI and underworld don Dawood Ibrahim's aid to smuggle counterfeit currency into India.

The border, which is unmarked and mostly unguarded, is rampantly used for cross-border smuggling of goods and counterfiet currency. The lack of proper security infrastructure further acts as a facilitator to the racket.