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