In a significant crackdown forward of Diwali, the Particular Operations Group (SOG) seized counterfeit foreign money valued at Rs 43 lakh from a flat in Jaipur’s Narayan Vihar space, officers mentioned on Saturday, October 18. The operation, primarily based on intelligence developed over 15 days, led to the arrest of two suspects discovered with pretend Rs 500 notes, reported by IANS.
Extra Director Normal (ADG) SOG V Okay Singh mentioned the raid was carried out collectively with Narayan Vihar Police on Friday night. “Such actions are inclined to rise throughout the festive season, which is why surveillance was intensified,” Singh mentioned.
The seized materials included Rs 26 lakh in completed counterfeit notes and one other Rs 17 lakh in uncut printed sheets – indicating that the notes had been being produced domestically and a few had been nonetheless in preparation.
Pretend notes with safety features
Officers had been alarmed by the sophistication of the pretend foreign money, which reportedly carried watermarks and embossing – safety features sometimes present in real Rs 500 notes. Investigators consider this factors to a extremely organised community utilizing superior printing know-how.
“The standard of printing is unusually refined, suggesting entry to professional-grade tools,” an officer mentioned.
Throughout interrogation, the arrested males informed police that the pretend notes had been being offered at a 4:1 ratio – Rs 4 lakh in counterfeit foreign money for Rs 1 lakh in real cash. This pricing construction, officers mentioned, reveals the dimensions of the racket and the convenience with which pretend notes may enter circulation throughout high-cash transactions across the festive season.
Hyperlinks traced to Bikaner and past
Investigations have revealed that uncut counterfeit sheets had been seemingly introduced in from one other state for distribution throughout Rajasthan and presumably different areas. A key determine within the operation is believed to be a felony primarily based in Bikaner who allegedly managed the distribution community, officers mentioned.
Police have launched coordinated raids in a number of areas to hint others concerned within the racket and establish the supply of the printing materials. The case is now being investigated by the South District Police.
Officers described the bust as a “important breakthrough” in efforts to curb the circulation of faux foreign money throughout the festive season, when massive money transactions are frequent.
Rising concern over counterfeit circulation
Authorities have famous a latest uptick in counterfeit foreign money instances throughout north India, particularly round main festivals. Investigators consider organised syndicates are exploiting the festive rush and elevated demand for money.
The SOG mentioned it has intensified monitoring throughout Jaipur and different districts, with groups coordinating carefully with banks and currency-handling companies to establish suspicious transactions.
Officers mentioned that sustained vigilance and inter-state coordination can be essential in dismantling networks that print and flow into pretend notes.
