Ever since Indian Prime Minister Narendra Modi announced Demonetization of higher denomination currency notes, it has become a hot topic in India and around the world.As the worth of 500 & 1000 denomination currency notes is 86% of total Indian currency.So currency troubles started for common man.Modi government is severely criticized by opposition parties and some common people.On the other and Most of the common public initially supported the move, but some of them started to criticize the move later for the improper implementation.
Apart from the supporting and opposing arguments, Central government is claiming that demonetization move will be big blow terror groups, fake currency rackets.
It appears that their claim is true with the recent development in Pakistan.A top businessman Javed Khanani runs Khanani and Kalia Foreign Exchange Company in Karachi has committed suicide recently.
There has been criminal charges money laundering against him in Pakistan.On the other hand his brother Altaf Khanani is sentenced for 20 years by US court for illegal Hawala transactions and money laundering.
Javed Khanani is known to be a kingpin in pumping fake currency to India.His company is believed to have pumped 2 lakh crore fake currency to India for the last 10 years.
On the other hand his company has 40,000 crore fake currency in higher denomination notes of 500 & 1000 with them at present.One can understand why Javed Khanani committed suicide few days back.
Surprising thing is that the news has not been given much importance by the Indian media.
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