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

The soundtrack of resistance: How 'Sada Sada Ya Nabi' is fueling the Iran war

By Syed Ali Mujtaba* The Persian track “ Sada Sada Ya Nabi ye ” by Hossein Sotoodeh has taken the world by storm. This viral media has cut across linguistic barriers to achieve cult status, reaching over 10 million views. The electrifying music and passionate rendition by the Iranian singer have resonated across the globe, particularly as the high-intensity military conflict involving Iran entered its second month in March 2026.

Kolkata dialogue flags policy and finance deficit in wetland sustainability

By A Representative Wetlands were the focus of India–Germany climate talks in Kolkata, where experts from government, business, and civil society stressed both their ecological importance and the urgent need for stronger conservation frameworks.

Beyond Lata: How Asha Bhosle redefined the female voice with her underrated versatility

By Vidya Bhushan Rawat* The news of iconic Asha Bhosle’s ‘untimely’ demise has shocked music lovers across the country. Asha Tai was 92 years young. Normally, people celebrate a passing at this age, but Asha Bhosle—much like another legend, Dev Anand—never made us feel she was growing old. She was perhaps the most versatile artist in Bombay cinema. Hailing from a family devoted to music, Asha’s journey to success and fame was not easy. Her elder sister, Lata Mangeshkar, had already become the voice of women in cinema, and most contemporaries like Shamshad Begum, Suraiya, and Noor Jehan had slowly faded into oblivion. Frankly, there was no second or third to Lata Mangeshkar; she became the first—and perhaps the only—choice for music directors and all those who mattered in filmmaking. Asha started her musical journey at age 10 with a Marathi film, but her first break in Hindustani cinema came with the film "Chunariya" (1948). Though she was not the first choice of ...

Lata Mangeshkar, a Dalit from Devdasi family, 'refused to sing a song' about Ambedkar

By Pramod Ranjan* An artist is known and respected for her art. But she is equally, or even more so known and respected for her social concerns. An artist's social concerns or in other words, her worldview, give a direction and purpose to her art. History remembers only such artists whose social concerns are deep, reasoned and of durable importance. Lata Mangeshkar (28 September 1929 – 6 February 2022) was a celebrated playback singer of the Hindi film industry. She was the uncrowned queen of Indian music for over seven decades. Her popularity was unmatched. Her songs were heard and admired not only in India but also in Pakistan, Bangladesh and many other South Asian countries. In this article, we will focus on her social concerns. Lata lived for 92 long years. Music ran in her blood. Her father also belonged to the world of music. Her two sisters, Asha Bhonsle and Usha Mangeshkar, are well-known singers. Lata might have been born in Indore but the blood of a famous Devdasi family...

Maoist activity in India: Weakening structures, 'shifts' in leadership, strategy and ideology

By Harsh Thakor* Recent statements by government representatives have suggested that Maoism in India has been effectively eliminated, citing the weakening of central leadership and intensified security operations. These claims follow sustained counterinsurgency efforts across key regions, including central and eastern India. However, available information from security agencies and independent observers indicates that while the organizational structure of the CPI (Maoist) has been significantly disrupted, elements of the movement remain active. Reports acknowledge the continued presence of cadres in certain forested regions such as Bastar and parts of Dandakaranya, alongside smaller, decentralized units adapting their operational strategies.

46% own nothing, 1% own 18%: The truth about India’s land inequality

By Vikas Meshram * “Agriculture is the backbone of India” — this is what we have been hearing for generations. But there is a pain hollowing out this backbone from within: the unequal distribution of land. On one hand, news of farmer suicides, indebtedness, and rural migration keeps coming; on the other, agricultural land across the country continues to concentrate in the hands of a few wealthy individuals.

US study links ultra-processed diets to preterm birth, sparks concern in India

By Jag Jivan A growing body of scientific evidence linking ultra-processed food (UPF) consumption during pregnancy to adverse maternal and neonatal outcomes has sparked fresh concern among public health experts, with Indian nutrition advocates warning of serious implications for the country’s already strained maternal health landscape.

From Manesar to Noida: Workers take to streets for bread, media looks away

By Sunil Kumar* Across several states in India, a workers’ movement is gathering momentum. This is not a movement born of luxury or ambition, nor a demand for power-sharing within the state. At its core lies a stark and basic plea: the right to survive with dignity—adequate food, and wages sufficient to afford it.

Midnight weeping: The sociology of tragic vision in Badri Narayan’s poetry

By Ravi Ranjan* Badri Narayan, a distinguished Hindi poet and social scientist, occupies a unique position in contemporary Indian intellectual life by bridging the worlds of creative literature and critical social inquiry. His poetic journey began significantly with the 1993 collection 'Saca Sune Hue Kaï Dina Hue' (Truth Heard Many Days Ago). As a social historian and cultural anthropologist, Narayan pioneered a methodological shift away from elite archives toward the oral traditions and folk myths of marginalized communities. He eventually legitimized "folk-ethnography" as a rigorous academic discipline during his tenure as Director of the G.B. Pant Social Science Institute.

Search This Blog