No collaboration with tainted UK-based note printing Company: Arun Jaitley

The Finance Ministry has denied any collaboration with a tainted UK based Note Printing Company. The Ministry has said the reports in sections of media stating that the Union Government has compromised the national interest by collaborating with a tainted UK based Note Printing Company is baseless. 

It said the company had supplied bank note paper till 2010. Further as per the decision taken in 2013, the company was permitted to supply



a security feature for bank notes till December 2015. Now, no fresh contract has been given to this company by the Government during the last three years. 

The Security Clearance for this company has been withheld by the Finance Ministry and hence no fresh orders have been placed with the said company since 2014. The company has applied for setting-up a factory in India, however, no action has been taken on its application.