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Even If Money Is Foreign, It Can't Be Counterfeited

November 23, 1986|Reuters

NEW DELHI — India's Supreme Court Friday decided 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 week by Kerala state high court, which held there was nothing in the Indian penal code to prevent faking foreign bank notes.

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 ruled.

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