Latest news with #FakeIndianCurrencyNote
The Print
11 hours ago
- The Print
Fake currency racket busted; man held in Delhi with Rs 4 lakh counterfeit notes
A police team had been working on FICN-related intelligence for the past four months. During this period, credible inputs were received regarding the activities of a syndicate operating across multiple states, including Delhi and parts of the National Capital Region (NCR), a senior police officer said. The accused, identified as Naushad Alam (22), was apprehended near Vijay Ghat Bus Stand on May 8 while allegedly attempting to deliver a major FICN consignment, he said. New Delhi, Jun 7 (PTI) The Delhi Police has arrested a key member of an interstate Fake Indian Currency Note (FICN) syndicate and recovered counterfeit currency worth Rs 4 lakh from his possession, an official said on Saturday. 'Surveillance revealed that the fake currency was being smuggled into India via the porous Indo-Bangladesh border. The team succeeded in identifying key operatives of the network,' he said. Acting on specific information, a trap was laid at the Vijay Ghat Bus Stand on the morning of May 8, where Alam was intercepted. A search led to the recovery of Rs 4 lakh in high-quality counterfeit currency, all in Rs 500 denomination. During interrogation, Alam disclosed that he was working for a handler based in Malda, West Bengal, and was receiving instructions from another operative. He admitted to supplying fake currency to contacts in Bihar and Delhi on multiple occasions. 'He was procuring FICN at the rate of Rs 200 for a Rs 500 note and reselling it at Rs 300,' the officer said, adding that Alam had already delivered four to five consignments in the past. Investigators suspect that the proceeds from the fake currency trade are being funnelled to purchase sophisticated arms and Bangladesh-based operatives are actively involved in smuggling FICN into India. Police have registered a case under the relevant provisions of the Bharatiya Nyaya Sanhita (BNS) at the Special Cell police station. Further investigation is underway to trace and apprehend other members of the syndicate. Alam is reportedly illiterate and was lured into the trade due to his poor financial condition, police added. PTI SSJ KSS KSS This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
29-04-2025
- Hindustan Times
Pune police seize fake notes worth ₹28 lakh
The Pune police busted a major Fake Indian Currency Note (FICN) racket following a probe that began on April 17 after 55 counterfeit notes of ₹200 denomination were deposited in the cash deposit machine of a local bank, an official said on Monday. FICN with face value of ₹28 lakh have been confiscated so far and five persons arrested, the official added. Following the report, the police filed a case under sections 178, 179, and 180 of the Bhartiya Nyaya Sanhita (BNS). The accused have been identified as Manisha Swapnil Thanekar, resident of Nagpur Chawl, Yerawada; Bharti Tanaji Gawand, from Keshavnagar, Chinchwad; Sachin Ramchandra Yamgar, from Gahunje; Naresh Bhimappa Shetty (from Lohgaon), and Prabhu Gugal Jeddy. The investigation revealed that the counterfeit notes were sourced from Shetty. A raid on his residence led to the recovery of 20 bundles of fake ₹200 notes valued at ₹4 lakh, ₹2.04 lakh in real currency, a printer, over 1,000 printed A4 sheets with fake ₹500 notes totalling ₹22.32 lakh, printing ink, and blank paper used for counterfeiting. Additionally, a vehicle associated with the suspects was found containing 648 fake ₹200 notes and three fake ₹500 notes worth ₹1.39 lakh. Further inquiries led to the recovery of counterfeit notes from other suspects including ₹ 60,000 worth of fake ₹ 200 notes from Gawand, ₹20,000 worth of fake ₹200 notes from Thanekar and ₹20,000 worth of fake ₹200 notes from Yamgar. Mahesh Bolkotgi, senior police inspector at Shivaji Nagar police station, said, 'As soon as we received complaint from the bank officials, we analyzed technical data. Based on which we have identified bank accounts and consequently arrsted the accused. ' During the house search of the accused we have got one sided page on which four Indian currency notes were printed on a single sheet, Bolkotgi added. All of the suspects have been remanded to police custody until April 29, said police.
