What Happened in Alwar? Fake Currency Racket Busted!
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Synopsis
In a recent operation, Alwar police in Rajasthan have taken down a counterfeit currency gang that exploited victims through a fake money-multiplication scheme. This shocking revelation highlights the dangers of financial scams and the persistent efforts of law enforcement to combat fraud.
Key Takeaways
- Alwar police successfully dismantled a counterfeit currency operation.
- Victims were lured into a fake money-multiplication scheme.
- Approximately Rs 1 crore in fake currency was recovered.
- Counterfeit notes closely resembled real currency.
- Further investigations are ongoing to uncover additional fraud connections.
Jaipur, July 12 (NationPress) In a disturbing case of deception, the police in Alwar, Rajasthan, have dismantled a group that was scamming unsuspecting individuals by enticing them into a fraudulent money-multiplication scheme featuring counterfeit “Manoranjan Bank” notes.
The perpetrators assured victims that their investments would quintuple and provided them with fake currency that bore a striking resemblance to legitimate notes but was devoid of any real value. The Vaishali Nagar Police Station apprehended three suspects and seized around Rs 1 crore in counterfeit money from their custody.
This gang preyed on naive individuals, assuring them a return of five times their invested amount. Once the victims surrendered genuine cash, the fraudsters exchanged it with stacks of counterfeit notes purportedly issued by the fictitious “Indian Entertainment Bank.”
The counterfeit notes were printed in denominations of Rs 100, Rs 200, Rs 500, and Rs 2000, and upon initial examination, they appeared remarkably authentic, making it challenging for victims to recognize the scam at once. In total, law enforcement recovered 185 bundles of these fake notes, amounting to nearly Rs 1 crore in bogus currency.
The individuals arrested include Prakash Chand Jatav (35) from New Basti Divakari, PS Vaishali Nagar, Naveen Kumar Jatav (24) from Bhanokhar village, PS Bahtukla, currently residing in Kaimala, Alwar, and Jamshed alias Jamma Mev (43) from Testi village, PS Sikri, District Deeg. Superintendent of Police Sanjeev Nain reported that the operation was executed under the direction of Additional SP Tejpal Singh and CO City Angad Sharma.
The operation was spearheaded by SHO Guru Dutt Saini of the Vaishali Nagar Police Station. This successful operation was a product of collaborative efforts from SHO Guru Dutt Saini and his dedicated team, including Head Constable Mukesh and Constables Rizwan, Shekhar, Govind, and Shashikant.
Ongoing investigations are in progress, and authorities are exploring potential links to broader networks or additional fraudulent activities carried out in other areas.
Point of View
I commend the swift action taken by Alwar police to dismantle this fraudulent operation. This incident serves as a stark reminder of the vulnerabilities present in financial dealings and emphasizes the importance of vigilance among citizens. NationPress remains committed to keeping the public informed and aware of such scams.
NationPress
27/07/2025
Frequently Asked Questions
What type of scam was uncovered in Alwar?
The scam involved a fake money-multiplication scheme where victims were promised high returns on their investments using counterfeit currency.
How much fake currency was seized by the police?
Approximately Rs 1 crore in counterfeit currency was recovered during the operation.
Who were the main suspects arrested?
The arrested individuals include Prakash Chand Jatav, Naveen Kumar Jatav, and Jamshed alias Jamma Mev.
What denominations were the counterfeit notes in?
The fake notes were printed in Rs 100, Rs 200, Rs 500, and Rs 2000 denominations.
What are the police doing about this case?
The police are conducting further investigations to determine if the gang has wider connections or if additional frauds have occurred.
