Fake Currency Racket Busted in Shravasti, Notes Worth ₹1.74 Lakh Seized
Police said the gang planned to circulate the fake notes in markets during Diwali and offered Rs 3 lakh in counterfeits for Rs 1 lakh in genuine currency.
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Fake currency racket busted in Shravasti, notes worth ₹1.74 lakh seized
The arrests were made around 8.45pm on Thursday during a raid at Giriraj Rice Mill in Bhitiya Chichri village under Sonwa police station limits. The STF seized 804 counterfeit notes, including 223 of ₹500, 44 of ₹200 and 537 of ₹100 denomination, along with a colour printer, printing ink, currency printing dyes and other materials.
Rs 1 lakh real for Rs 3 lakh fake: UP Police bust fake currency racket, 3 arrested
UP STF and Sonwa Police arrested three men during a raid on a counterfeit currency unit in Shravasti. The accused allegedly planned to circulate the fake notes during Diwali and exchange them for genuine currency.
How UP Police Busted A Major Counterfeit Currency Racket
Police in Shravasti, Uttar Pradesh, have arrested three individuals for allegedly operating an inter-district counterfeit currency racket. A joint operation by the UP STF and local police led to the seizure of 804 fake notes worth Rs 1.74 lakh, along with printing equipment. The accused planned to circulate the fake currency during Diwali and were offering Rs 3 lakh in counterfeit notes for Rs 1 lakh in genuine currency.
A counterfeit currency printing gang has been busted in Shravasti. The Special Task Force (STF) recovered counterfeit currency worth ₹174,000 from three accused. These notes were intended to be circulated in the market for Diwali. The accused had learned how to make counterfeit notes from YouTube. The three were printing counterfeit notes at a rice mill. Following a tip-off, the STF raided the mill on Thursday. The raid continued until 11 p.m., …
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