Fake currency network exposed in Kasganj, operations controlled from Budaun
Kasganj police have busted a gang involved in circulating fake currency. Investigations revealed that the mastermind operated from Budaun, providing one lakh rupees in fake notes for 25,000 rupees. These notes were allegedly circulated in markets during the Kanwar Yatra. Authorities are now actively searching for the key suspect.
VIMARSHNAARAD TVA significant case of illegal fake currency operations has surfaced in Kasganj. Following the arrest of several individuals linked to the racket, local police uncovered startling details regarding the gang's modus operandi. The investigation indicated that the network was not being managed locally but was being directed from the neighboring district of Budaun.
According to police reports, the primary mastermind was operating the entire network while stationed in Budaun. The suspects were running a sophisticated scheme where they provided one lakh rupees worth of counterfeit notes in exchange for 25,000 rupees in genuine currency. This method allowed them to inject large quantities of fake money into the local economy.
During interrogation, it was revealed that this counterfeit currency was utilized during the recent Kanwar Yatra. Taking advantage of the heavy crowds and busy market conditions, the accused successfully circulated these notes, causing financial distress to local traders and the general public.
As reported by the news agency, police are currently conducting a thorough investigation into the matter. Based on the information provided by the arrested suspects, efforts are underway to track down the mastermind hiding in Budaun. Officials believe that the gang's connections may extend to several other regions.
The exposure of this extensive fake currency network has caused a stir in the area. Police have urged the public to exercise caution during cash transactions and to immediately report any suspicious activity to the authorities.
Currently, Kasganj police teams are preparing for raids in Budaun to ensure the swift arrest of the main accused. Further arrests are expected as the investigation progresses.
This incident highlights how organized criminals exploit technology and large gatherings to commit financial crimes. The police administration remains committed to dismantling this racket entirely.