Srinagar, March 13: The police in Shopian district of Jammu and Kashmir announced on Friday that they have dismantled a counterfeit currency racket, leading to the arrest of three individuals.
According to a police statement, “The Shopian police have uncovered a racket involved in the circulation of counterfeit notes, seizing fake currency worth 79,000 rupees following a complaint from a local shopkeeper.” The operation resulted in the arrest of three individuals connected to the distribution of counterfeit currency. A formal case has been registered, and further investigations are underway to trace the source of the fake notes.
The police revealed that the case emerged when a shopkeeper reported to the Shopian police station that someone had used counterfeit notes while purchasing goods earlier this week. Police officials stated that an immediate investigation was launched upon receiving the complaint. They began scrutinizing suspicious transactions and identified individuals allegedly involved in the circulation of counterfeit currency. During the investigation, a search operation was conducted, leading to the recovery of 79,000 rupees in fake notes from the suspects and their associates.
The arrested individuals have been identified as Mohammad Syed Wani (a resident of Batpora village in Shopian), Mohammad Maqbool Naikoo (from Bangam village in Shopian), and Peerzada Altaf (a resident of Tukdoo Babanad village in Pulwama).
Reports indicate that all three suspects have been formally detained. The police have filed an FIR under relevant sections of the law at the Shopian police station, and the investigation is ongoing. Investigators are now working to determine the source of the counterfeit currency and whether the suspects are part of a larger network involved in the distribution of fake notes in the region.
The police also stated that they are examining potential links to other individuals involved in the supply or distribution chain of counterfeit currency. This seizure highlights the persistent threat of counterfeit currency in local markets, where unsuspecting shopkeepers and customers can easily fall victim to such illegal activities.
Meanwhile, the police urge residents and merchants to remain vigilant when accepting cash payments and to report any suspicious transactions immediately. The statement further called on the public to cooperate with law enforcement agencies in identifying and reporting cases related to counterfeit currency.
My name is Narendra Jijhontiya. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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