De La Rue has been in news and controversy in India since at least 1999. The CBI has registered an FIR against former finance secretary Arvind Mayaram for alleged cheating, criminal conspiracy, and corruption.
De La Rue is a British company headquartered in Basingstoke, England, that designs and produces banknotes, secure polymer substrate and banknote.
What is the ‘De La Rue’ Scam all about ?
To start the story let’s go back to the year 2004.After formation of UPA Government the British company ‘De La Rue’ bagged contract for supplying SECURITY THREADS FOR CURRENCY.
THIS DEAL WAS APPROVED BY THEN FINANCE MINISTER P CHIDAMBARAM.
In 2010, Bharat’s Intelligence Agencies found that ‘De La Rue’ was supplying currency printing papers and other materials to PAKISTAN and found that Pakistan’s powerful intelligence agency (ISI) was using these materials to print FAKE /COUNTERFEIT Bharat’s currencies in bulk.
Based on intelligence alerts, then Finance Minister Pranab Mukherjee ordered stoppage of deals with ‘De La Rue’ and the British firm was MADE TO BE BLACK LISTED by the Home Ministry.
In 2012 when P.CHIDAMBARAM was Finance Minister , the business was back in shape . ‘De La Rue’s’ BLACK LISTING WAS LIFTED as per then Economic Affairs Secretary Arvind Mayaram(who later became Finance Secretary till 2015)letter and ‘DE LA RUE’ BAGGED FURTHER THREE YEAR CONTRACT UP TO DECEMBER, 2015.
‘De La Rue’ had specifically mentioned in the year, 2004 that it had developed an exclusive Bharat specific Green to Blue Color Shift Clear Text MRT machine readable SECURITY THREAD for use in Bharat’s Bank note Paper as security feature and it holds exclusive manufacturing rights.
But CBI found that ‘De La Rue” had filed for patent in Bharat on 28th June, 2004, which was published on 13th March, 2009, and was granted on 17th June, 2011, which shows AT TIME OF AGREEMENT, IT DID NOT HAVE VALID PATENT.
UPA Government period was most easy period for Pakistan’s ISI to indiscriminately print counterfeit currency of Bharat. This counterfeit currency was then used to fund terrorists and naxal activities in Bharat and to Destroy Bharat’s Economy.
COLONEL PUROHIT who found the skeletons in the closet was about to bust the story of UPA Govt’s involvement but unfortunately he WAS FRAMED IN FAKE CASES just to gag him .
26/11 and numerous terror attacks COULD HAVE BEEN avoided, but WERE NOT AVOIDED because of UPA Government involvement which was later proved by CBI either for commission or with DIRECT INTENT.
DEMONETIZATION by PM Modi was initiated to FINISH the MENACE OF COUNTERFEIT CURRENCY. Chidambaram was crying on top of roof after DEMONETISATION not because India’s Economy was getting destroyed but because HIS AND QUEEN’S ECONOMY WAS getting DESTROYED.