A counterfeit currency racket involving the production and distribution of fake Rs 500 notes was exposed by the Ahmedabad Crime Branch. Seven individuals, including a woman, were arrested, and Rs 2.38 crore in counterfeit currency was confiscated. The arrests were made following the interception of a vehicle carrying the fake notes from Surat to Ahmedabad.
The operation, based on intelligence received on March 18, led to the apprehension of the suspects with a significant amount of counterfeit currency. Investigations revealed that the group had been conspiring for several months to produce fake notes in Surat. The mastermind behind the operation arranged for printers and other equipment while posing as a stationery unit.
Authorities discovered that the fake currency was of high quality, making it difficult to distinguish from genuine notes. The group circulated the counterfeit money in various establishments. Following the arrests, a raid at the manufacturing site in Surat led to the seizure of additional fake currency and equipment.
In total, counterfeit notes worth Rs 2.38 crore were recovered, along with equipment used in the production process. The accused had procured specialized materials from Chinese sources through online platforms and used digital tools to enhance the design of the fake currency. Investigations are ongoing to trace the financial trail and any potential interstate or international connections.
