India Money-Making Opportunity Outlawed
India’s Supreme Court ruled Friday that counterfeiters do not have a license to print foreign money, the Press Trust of India news agency reported.
With rare speed, the court overturned a judgment last Monday by Kerala state high court which held there was nothing in the Indian penal code to prevent faking of bank notes other than those of India.
This view “meant issuing a carte blanche to the counterfeiters of the world to establish their headquarters within the state of Kerala,” the Supreme Court judges held.
A judge in the southern state had dismissed a case against six men charged with counterfeiting 2,000 U.S. $20 bills.
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