Indian Currency Now 'Made in China', Claims Chinese Media Reports
New Delhi, August 13: Forced to produce marriage certificates and driving licences to keep the Chinese money production plants from rusting, the country is witnessing a sudden arrival of "big orders" for currency production projects from a number of countries, including India, reported South China Morning Post.
According to Liu Guisheng, president of the China Banknote Printing and Minting Corporation, China did not print foreign currency until recently.
But in 2013, Beijing launched the belt and road plan with an aim to link Southeast Asia, Central Asia, the Gulf region, Africa and Europe with a network of land and sea routes.
Since then the company had “seized the opportunities brought by the initiative” and “successfully won contracts for currency production projects in a number of countries including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland,” he said.
According to South China Morning Post, that could be just the tip of the iceberg.
Taking note of the development, Congress leader Shashi Tharoor expressed fears that it could make it easier for Pakistan to counterfeit notes and "could have disturbing national security implications".
Some governments have asked Beijing not to publicise the deal because they are worried such information could compromise national security or trigger “unnecessary debates at home”, said the Chinese paper.
"The world economic landscape is undergoing some profound changes. As China becomes bigger and more powerful, it will challenge the value system established by the West. Printing money for other countries is an important step,” said Liu Guisheng.
The international money printing market has been dominated by Western companies for more than a century, the move is seen as a reflection of Beijing's desire to increase its influence on the world economy and geopolitics.
Courtesy: www.news18.com
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ED undertakes raids in Jharkhand Ayushman Bharat 'fraud' case
Ranchi, Apr 4 (PTI): The Enforcement Directorate on Friday conducted multi-state searches, including at the premises of the private secretary of former Jharkhand health minister Banna Gupta, as part of a money laundering probe into alleged irregularities in the Centre's Ayushman Bharat scheme, official sources said.
The officials of the federal probe agency raided 21 locations in Jharkhand, Delhi and West Bengal under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said.
Premises linked to Om Prakash Singh, Gupta, apart from that of "key suspects", including consultants and former executives of associated firms, were raided early morning. A security team of central paramilitary personnel accompanied the officials of the federal probe agency.
Locations of officials linked to the Jharkhand State Arogya Society (JSAS), employees and offices of Third-Party Administrators (TPAs) like MD India, Safeway, Medi Assist and their associates were also raided, they said.
There was no immediate response to the ED action by Gupta or his PS.
ED teams raided a house in Mango locality and a nursing home along NH-33 in Jamshedpur city apart from locations in Ashok Nagar and Bariyatu in state capital Ranchi.
In Kolkata, the offices of some "entry operators" or hawala dealers are being raided, the sources said.
The ED, agency sources said, suspects that "proceeds of crime" were generated through systematic "fraud" within the Ayushman Bharat scheme through "manipulation" of hospital empanelment and processing of "fake" claims facilitated by a "nexus" demanding commissions and kickbacks.
Ayushman Bharat is a flagship scheme of the Union government which aims to achieve universal health coverage for citizens.
