out that the currency was so close to real that it was extremely difficult to prove it being counterfeit . In fact , the small difference that helped them prove it was not real was probably inserted on purpose ! Such was the confidence and arrogance of the counterfeiters !
It was found by the CBI on further investigation that the mischief was happening at the end of De La Rue , a company from whom RBI imports 95 % of its currency paper . In fact , RBI ’ s buy accounts for over 30 % of De La Rue ’ s profits . At that time , De La Rue was blacklisted by the government and the company came to the point of bankruptcy with 2000 metric tonnes of paper lying unused ! At that time , the De La Rue CEO James Hussey – godson of Queen Mother herself – resigned over what was called “ paper quality issues ”, which sounded fishy to begin with !
“ We don ’ t know whether the paper disintegrates under a drop of rain or whether there is just a fly in a roll of paper somewhere ,” said one source . “ The statement is so full of holes that is has created further suspicion .”
De La Rue said the irregularities were of a “ serious nature ” but that it was “ confident that neither the physical security nor the security features incorporated in the paper have been compromised for any customer and that the irregularities referred to relate only to testing of paper specifications at the relevant facility ”.
Meanwhile , in 2010 another serious security lapse was exposed !