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

What Sister Nivedita understood about India that we have forgotten

By Harasankar Adhikari In the idea of a “Vikshit Bharat,” many real problems—hunger, poverty, ill health, unemployment, and joblessness—are increasingly overshadowed by the religious contest between Hindu and Muslim fundamentalisms. This contest is often sponsored and patronised by political parties across the spectrum, whether openly Hindutva-oriented, Islamist, partisan, or self-proclaimed secular.

The rise of the civilizational state: Prof. Pratap Bhanu Mehta warns of new authoritarianism

By A Representative Noted political theorist and public intellectual Professor Pratap Bhanu Mehta delivered a poignant reflection on the changing nature of the Indian state today, warning that the rise of a "civilizational state" poses a significant threat to the foundations of modern democracy and individual freedom. Delivering the Achyut Yagnik Memorial Lecture titled "The Idea of Civilization: Poison or Cure?" at the Ahmedabad Management Association, Mehta argued that India is currently witnessing a self-conscious political project that seeks to redefine the state not as a product of a modern constitution, but as an instrument of an ancient, authentic civilization.

Why experts say replacing MGNREGA could undo two decades of rural empowerment

By A Representative A group of scientists, academics, civil society organisations and field practitioners from India and abroad has issued an open letter urging the Union government to reconsider the repeal of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and to withdraw the newly enacted Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025. The letter, dated December 27, 2025, comes days after the VB–G RAM G Bill was introduced in the Lok Sabha on December 16 and subsequently approved by both Houses of Parliament, formally replacing the two-decade-old employment guarantee law.

NYT: RSS 'infiltrates' institutions, 'drives' religious divide under Modi's leadership

By Jag Jivan A comprehensive New York Times investigation published on December 26, 2025, chronicles the rise of the Rashtriya Swayamsevak Sangh (RSS) — characterized as a far-right Hindu nationalist organization — from a shadowy group founded in 1925 to the world's largest right-wing force, marking its centenary in 2025 with unprecedented influence and mainstream acceptance. Prime Minister Narendra Modi , who joined the RSS as a young boy and later became a full-time campaigner before being deputized to its political wing in the 1980s, delivered his strongest public tribute to the group in his August 2025 Independence Day address. Speaking from the Red Fort , he called the RSS a "giant river" with dozens of streams touching every aspect of Indian life, praising its "service, dedication, organization, and unmatched discipline." The report describes how the RSS has deeply infiltrated India's institutions — government, courts, police, media, and academia — ...

India’s universities lag global standards, pushing students overseas: NITI Aayog study

By Rajiv Shah A new Government of India study, Internationalisation of Higher Education in India: Prospects, Potential, and Policy Recommendations , prepared by NITI Aayog , regrets that India’s lag in this sector is the direct result of “several systemic challenges such as inadequate infrastructure to provide quality education and deliver world-class research, weak industry–academia collaboration, and outdated curricula.”

Interfaith cooperation in Punjab village as Sikhs and Hindus support mosque construction

By Bharat Dogra A recent heart-warming report on Sikh and Hindu families helping to build a mosque in a village of Punjab deserves wide attention. It is such examples that truly strengthen national unity. There are many instances of mutual respect and cooperation among people of different religions and faiths that need to be better known today.

'Caste oppression ignored': NCERT textbooks reflect ideological bias, says historian

By A Representative The Indian History Forum organized a webinar titled “Rewriting the Past: Distortions and Ideological Interventions in NCERT History Textbooks” on 22 December 2025. The session featured historian Dr Ruchika Sharma, who critically examined recent changes in NCERT history textbooks and their implications for historical understanding and social cohesion among millions of students across the country.

Investment in rule of law a corporate imperative, not charity: Business, civil society leaders

By A Representative In a compelling town hall discussion hosted at L.J School of Law , prominent voices from industry and civil society underscored that corporate investment in strengthening the rule of law is not an act of charity but a critical business strategy for building a safer, stronger, and developed India by 2047. The dialogue, part of the Unmute podcast series, examined the intrinsic link between ethical business conduct , robust legal frameworks, and sustainable national development, against the sobering backdrop of India ranking 79th out of 142 countries on the global Rule of Law Index .

When a city rebuilt forgets its builders: Migrant workers’ struggle for sanitation in Bhuj

Khasra Ground site By Aseem Mishra* Access to safe drinking water and sanitation is not a privilege—it is a fundamental human right. This principle has been unequivocally recognised by the United Nations and repeatedly affirmed by the Supreme Court of India as intrinsic to the right to life and dignity under Article 21 of the Constitution. Yet, for thousands of migrant workers living in Bhuj, this right remains elusive, exposing a troubling disconnect between constitutional guarantees, policy declarations, and lived reality.

Search This Blog