What Happened to the Rs 43 Lakh Counterfeit Currency Seized in Jaipur?

Synopsis
Key Takeaways
- The SOG seized counterfeit currency worth Rs 43 lakh.
- Two suspects were arrested during the operation.
- The counterfeit notes exhibited advanced security features.
- A criminal network based in Bikaner is suspected of distributing the fake currency.
- The investigation is ongoing, with a focus on the network's reach.
Jaipur, Oct 18 (NationPress) In a significant crackdown, the Special Operations Group (SOG) has confiscated counterfeit currency worth Rs 43 lakh from the Narayan Vihar locality in Jaipur.
Following a meticulous intelligence operation spanning over 15 days, the SOG executed a raid on a flat on Friday evening, apprehending two suspects who were found in possession of counterfeit Rs 500 notes, as reported by ADG, SOG, VK Singh.
According to ADG SOG VK Singh, incidents of this nature often surge during festival seasons, necessitating increased vigilance.
With actionable intelligence in hand, the SOG team, in collaboration with the Narayan Vihar Police, conducted the raid, leading to the retrieval of the counterfeit currency.
The South District Police are now investigating the case.
The seized items included counterfeit notes totaling Rs 26 lakh and Rs 17 lakh in uncut printed sheets, which suggests that some fake notes were still being produced.
Authorities believe these sheets originated from another state and were intended for distribution across Rajasthan and potentially further.
What has raised alarms among officials is the advanced sophistication of the fake currency. For the first time, features like watermarks and embossing—typically associated with authentic Rs 500 notes—were identified in the counterfeit versions. This indicates a highly organized operation, likely utilizing cutting-edge printing techniques.
During questioning, the detained suspects disclosed that the counterfeit notes were traded at a ratio of 4:1—for every Rs 4 lakh in fake currency, only Rs 1 lakh in real money was exchanged.
A crucial figure in this operation is believed to be a criminal based in Bikaner, who has been distributing the counterfeit currency.
In light of this information, police teams have initiated raids at various locations to capture additional members of the syndicate.
Investigations into the network's operations and the origins of the counterfeit currency are ongoing.
This operation represents a significant advance in the fight against the circulation of counterfeit money during the festive season.