Fake money from Pakistan flooding India

Counterfeit currency is flooding into India from Pakistan and terrorist and criminal networks are using this money to finance their activities in the country, an official US report has said.

By PTI | Mar 05, 2011, 12.00 AM IST

WASHINGTON: Counterfeit currency is flooding into India from Pakistan and terrorist and criminal networks are using this money to finance their activities in the country, an official US report has said.

Warning that burgeoning black money, remittance systems and porous border were triggering money laundering at an alarming pace, the International Narcotics Control Strategy of the State Department in its 2011 report said because of prevalence of an informal economy, India had become a significant target for money launderers and terrorist groups.

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