De La Rue: We are not blacklisted in India, we don't supply printing currency to Pakistan, allegations false

By A Representative
De La Rue has strongly refuted as defamatory and malicious allegations about its business published in Indian media, saying it is “not supplying paper for printing of Indian currency and we are not associated with printing of currency in India at present in any form.”
Pointing out that De La Rue has received “no notice” nor is it aware that it is blacklisted in India, the top British company has asserted that it “does not supply currency paper, and is not printing currency for Pakistan and would never supply currency paper manufactured for one country to another.”
De La Rue further says that it is the “world’s leading commercial banknote printer supporting 140 countries. The company is listed on the London Stock Exchange, is a founder member of the Banknote Ethics Initiative and operates to the highest ethical standards.”
It adds, “De La Rue will take appropriate steps in India to protect its reputation as the trusted currency printer around the world.”
De La Rue's statement comes following several media stories published recently in relation to Reserve Bank of India (RBI) engaging with the British company De La Rue for supplying note printing equipment. These stories alleged the company is blacklisted.
Also sent to Counterview in response to a story quoting allegations in a site run by senior activist Teesta Setalvad, sabrangindia.in, De La Rue statement, issued through Karan Bhirani, executive, Brunswick Group, Mumbai, comes alongside Union finance minister Arun Jaitley saying that it is a "false campaign on the social media", accusing the Aam Aadmi Party for running it.
Jaitley tweeted, the "Ministry of Finance has no dealings with the British Company named in this campaign." The Union minister responded to the AAP press release which had said, “De La Rue was also investigated by United Kingdom’s Serious Fraud Office and it was found that the company’s employees had falsified specification test certificates for some of its clients. The company also finds mention in the Panama Papers for its alleged involvement in a money laundering scheme.”
“The Papers also revealed that De La Rue had paid a hefty commission to a New Delhi-based businessman to ensure that the company got the RBI’s contracts. De La Rue has proudly proclaimed itself to be the supplier for the Reserve Bank of India, and a partner of Narendra Modi’s Make In India policy”, AAP had said.
“The company was officially black-listed by the Reserve Bank for its fraudulent activities in February, 2011, however all records of the blacklisting appear to have now been pulled down from the website”, the AAP had continued.
AAP Delhi convener Dilip Pandey had said that De La Rue supplied the same paper used for printing Indian currency to the terror nexus in Pakistan indulging in printing of fake currency. "The company was not only white-listed after Modi came to power, but also partnering with the government on Modi's ambitious 'Make in India' project," he alleged.
"We want to ask Prime Minster Modi that why is he partnering with a company which is at the same time partnering with Pakistan, terror outfits, counterfeit currency printers and enemy of the nation," he had said.

Comments

GreenTech Summit claims NCR as key green building hub, without pan-India comparison

By A Representative The Indian Green Building Council (IGBC), under the Confederation of Indian Industry, held its GreenTech Summit 2026 in New Delhi, where industry representatives, policymakers and sustainability professionals discussed the adoption of climate technologies in India’s built environment.

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Rajiv Shah Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

The golden crop: How turmeric is transforming women's lives in tribal India

By Vikas Meshram* When the lush green fields of turmeric sway in the tribal belt of southern Rajasthan, Madhya Pradesh, and Gujarat, it is not merely a spice crop — it is the golden glow of self-reliance. In villages where even basic spices once had to be bought from the market, the very soil today is yielding a prosperity that has transformed the lives of thousands of families. At the heart of this transformation is the initiative of Vaagdhara, which has linked turmeric with livelihoods, nutrition, and village self-governance — gram swaraj.

Beyond the election manifesto: Why climate is now a kitchen table issue

By Vikas Meshram* March has long been a month of gentle transition, the period when winter softly retreats and a mild warmth signals nature’s renewal. Yet, in recent years, this dependable rhythm has been disrupted. This year, since the beginning of March, temperatures across vast swathes of the country have shattered previous records, soaring to between 35 and 40 degrees Celsius in some regions. This is not a mere fluctuation in the weather; it is a serious and alarming indicator of climate change .

The selective memory of a violent city: Uttam Nagar and the invisible victims of Delhi

By Sunil Kumar* Hundreds of murders take place in Delhi every year, yet only a few incidents become topics of nationwide discussion. The question is: why does this happen? Today, the incident in Uttam Nagar has become the centre of national debate. A 26-year-old man, Tarun Kumar, was killed following a dispute that reportedly began after a balloon hit a small child. In several colonies of Delhi, slogans such as “Jai Shri Ram” and “Vande Mataram” are being raised while demanding the death penalty for Tarun’s killers. As a result, nearly 50,000 residents of Hastsal JJ Colony are now living in what resembles a state of confinement.

As India logs historic emissions drop, expert warns govt against 'policy blunders'

By A Representative In a significant development that underscores the rapid transformation of India's energy landscape, new data reveals the country recorded its largest drop in power sector emissions in 2025. However, a top power sector analyst has urged the Union Government to view this "silver lining" as a stark warning against continuing to invest in new coal, large hydro, and nuclear projects, which he argues could become "redundant" stranded assets.

Jerusalem's Al Aqsa mosque under siege: A test of Muslim solidarity and Palestine’s future

By Syed Ali Mujtaba* In the cacophony of Israel’s and the United States’ attack on Iran, one piece of news has been buried under the debris of war: Israel has closed the Al Aqsa Mosque in Jerusalem to Palestinian worshippers during the holy month of Ramadan. The closure, announced as indefinite, affects the third most revered mosque in the Islamic world.

NGO Arunoday’s journey of support and struggle: Standing firm with the distressed

By Bharat Dogra It was a situation of acute distress. Nearly ten thousand people returning to their villages during the COVID-19 pandemic had gathered at the border of Uttar Pradesh and Madhya Pradesh near Kanha. Exhausted after walking long distances with little or no food, they were desperate for relief. Yet entry could not be granted without completing essential records and complying with pandemic rules.

Search This Blog