The Money’s not Worth It

One of the biggest hauls of fake Indian currency notes has been recovered in Kathmandu.

One of the biggest hauls of fake Indian currency notes has been recovered in Kathmandu. The loot, worth Rs 29 lakh, was followed from the airport and grabbed by the special intelligence unit of the Crime Investigation Department of Nepal Police from Grand Hotel in the capital. The notes had been smuggled into Nepal from Abu Dhabi in the UAE and were to be handed over to an unidentified racketeer in Kathmandu, according to Press Liaison Officer Kedar Dhakal. To date, security officials have managed to seize Indian and Nepali fake notes worth at least Rs 3.2 crore in nine separate raids since April 2009. Police, though, highlighted the lack of state-of-the-art technology at Tribhuvan International Airport, which can only detect arms and ammunition, not currency notes.

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Wei Fen Lee