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CBI probe stalls in De La Rue case
The Sunday Guardian
|December 21, 2025
Two years on, CBI investigation shows little progress beyond initial FIR stage.
More than two years after the Central Bureau of Investigation registered a first information report in the De La Rue banknote security thread case, the investigation has not progressed beyond the filing of the FIR, with no chargesheet filed and no court proceedings initiated so far, according to a review of publicly available records.
The CBI registered the FIR in January 2023 against former finance secretary Arvind Mayaram, UK-based De La Rue International Ltd, and unknown officials of the Ministry of Finance and the Reserve Bank of India. The case relates to the supply of an exclusive colour shift security thread used as an anti-counterfeiting feature in Indian banknotes.
This story is from the December 21, 2025 edition of The Sunday Guardian.
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