World · India Bureau
Police arrest seven in Bengaluru for counterfeiting ₹500 notes
Law enforcement in Bengaluru has arrested seven individuals accused of printing and distributing counterfeit ₹500 notes valued at approximately ₹21.68 lakh. The operation marks another significant crackdown on currency forgery in the southern tech hub.
LSN India ·
Bengaluru police have arrested seven persons in connection with an illegal counterfeiting operation involving the production and circulation of fake ₹500 notes, authorities confirmed. The counterfeit currency recovered during the operation was valued at ₹21.68 lakh, according to law enforcement officials.
The arrests follow an investigation into the printing and distribution network operating within the city. Police seized printing equipment and materials used in the forgery operation during raids conducted as part of the inquiry.
The accused individuals have been booked under relevant sections of the Indian Penal Code pertaining to counterfeiting currency. Investigators are examining the extent of the network's operations and the distribution channels through which the fake notes were circulated.
The case underscores ongoing efforts by law enforcement agencies to combat currency forgery, a persistent threat to the integrity of India's monetary system. Officials stated that the investigation is continuing to identify any additional individuals involved in the operation.