shattering for most bankers who had to rush back to their offices to handle the situation arising from the ban of Rs 500 and Rs 1000!
The story of demonitization starts way back in at least 2010 with a company named De La Rue and its role in fake currency in India. Sometime during 2009-10, the CBI had raided around 70-odd Indian bank branches along the India-Nepal border and found counterfeit currency with them. That sent shock signals all over the intelligence community. Upon investigation, however, the intelligence officials found something even more scary! The branches had received the currency not from some smugglers, but RBI itself! RBI was sending counterfeit notes to the bank branches around the country!
When the CBI raided the RBI, it found the same counterfeit currency in the RBI vaults in Rs 500 and Rs 1000 notes. The Central Bank of the country had been compromised beyond anyone’ s imagination!
The counterfeit and fake currency which Pakistan was pushing into India was being collected and distributed by none other than the Reserve Bank of India!
Almost like real … In a little known case involving counterfeit currency caught in UP and Bihar, the defending lawyer rather nonchalantly argued that what was the proof that it was fake? When the currency was sent to the Indian government labs, they indeed confirmed that the currency nabbed from the ISI agents was actually real! When sent to foreign labs, it was found