Lucknow: Adding to the increased concern over the security breach along the borders is the tracing of the links of fake currency racket flourishing in India to Pakistan’s intelligence agency ISI. The Information Bureau (IB) has received information of huge supply of fake currency notes to be smuggled in the country, in the backdrop of the upcoming Assembly elections. 

The porous India-Nepal borders in Uttarakhand, Uttar Pradesh and Bihar have become a common path for smuggling fake currency. Many influential people are found to have an involvement in managing the police and custom authorities at the borders.

The sources have revealed that the dealers in Nepal are paid Rs 50,000 in exchange of fake currency notes worth Rs one lakh.

Nepal's former Minister Salim Miya Ansari’s son Yunus Ansari, Rakesh Bhandari and Daya Ram K Gurgo are believed to be active in the business. The dealers acquire the fake notes from them and sell them to their agents for Rs 60-70,000 in exchange of Rs one lakh.

The death of mastermind Don Majid Manihar in October, 2009 exposed the reach of the fake currency trail upto the banks when a bank cashier Sudhakar Tripathi was arrested in Siddharth Nagar in the case. This was followed by gruesome murder of fake currency trader Parvez Tanda who was gunned down in Nepal in December last year.

The much acclaimed arrest of Yunus Ansari along with two Pakistani nationals and fake currency notes worth Rs 25 lakh exposed the highly efficient network of illegal trade controlling from Nepal.
 
The people of Nepal had accused the Uttar Pradesh police of killing trade mastermind media king Jamim Shah but it was found that he was murdered amidst gang war for hegemony in the trade.

(JPN/Bureau)