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Police Bust Fake Currency Racket in Jammu and Kashmir’s Shopian District

Indian Community Editorial TeamBy Indian Community Editorial TeamMarch 13, 20262 Mins ReadNo Comments Add us to Google Preferred Sources
Police Bust Fake Currency Racket in Jammu and Kashmir’s Shopian District
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The police in Shopian district, Jammu and Kashmir, have dismantled a fake currency operation, leading to the detention of three individuals. Following a complaint from a local shopkeeper, counterfeit notes amounting to Rs 79,000 were seized by the police. The suspects were apprehended for their involvement in circulating fake currency in the area.

The investigation was initiated after a shopkeeper reported the use of counterfeit currency notes during a recent transaction. Subsequently, the police launched a formal inquiry to track down the source of the fake money. The arrested individuals, identified as Mohd Syed Wani, Mohd Maqbool Naikoo, and Peerzada Altaf, are residents of different villages in Shopian and Pulwama.

All three suspects have been taken into custody, and an FIR has been filed against them at the Shopian Police Station under relevant legal provisions. The police are actively pursuing further leads to uncover the origins of the counterfeit currency and ascertain if the accused were part of a larger network operating in the region.

Authorities are also exploring potential connections that could reveal additional individuals involved in the production or distribution of fake currency. The recovery of counterfeit notes underscores the persistent threat of fake currency circulating in local markets, posing risks to unsuspecting traders and customers. The police advise caution when accepting cash payments and prompt reporting of any suspicious transactions.

Jammu and Kashmir Mohd Maqbool Naikoo Mohd Syed Wani Peerzada Altaf Pulwama Shopian district Shopian Police Station
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Indian Community Editorial Team

The Indian Community Editorial Team curates, verifies, and publishes stories that matter to Indians worldwide. From culture and community to business and innovation, our mission is to spotlight voices, ideas, and events that bring our global community closer together. Have news or a story to share? Submit it to us at [email protected].

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