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ICICI Bank Ltd. Message Board

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  • singhlion2001 singhlion2001 Aug 25, 2008 1:20 PM Flag

    DID YA FOLKS SEE INDIAN BANKS LOADED WITH FAKE CURRENCY ON TV LAST NIGHT ON AAJ TAK??

    LOL

    here comes fake currency attack>>LOL

    Aug 26, 2008


    False notes threaten India's economy
    By Raja Murthy

    MUMBAI - "Economic terrorism" threatens India with a staggering US$51 billion worth of counterfeit currency circulating in the country, according to India's Intelligence Bureau. The government, though, has expressed no serious hurry to tackle this menace, even as police say fake currency notes are also funding terrorist groups in India.

    The Reserve Bank of India (RBI), the regulator, estimates a lower figure of counterfeit money than $51 billion, but given a flurry of publicized recent police arrests across the country of suspects nabbed with huge amounts of fake currency, estimates could be on the higher rather than the lower side.
    http://atimes.com/atimes/South_Asia/JH26Df01.html

 
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