That’s an evergreen conspiracy theory, because there’s inarguably stuff they’re not telling us, and any evidence against it can be taken as evidence for it. But it’s very unlikely. And even if the NSA could trivially break any current or future cryptosystem, they certainly wouldn’t tell your local police that (or even high-ranking politicians). So, when gobshite politicians try to stop movie pirates and drug dealers using crypto, you can confidently take that at face value.
If there were any actual security competence involved in designing these laws, they would simply ban cryptography, rather than encouraging people to think their communications were secure, and then sabotaging that security. They just don’t want to say that, because it would sound as insanely draconian as it is, so they pretend to believe in magic back doors instead.