Major counterfeit coin racket busted in Saharanpur, 70 crore rupees circulated in the market
Police in Saharanpur, Uttar Pradesh, have dismantled an illegal factory producing counterfeit coins. Five individuals have been arrested in connection with the operation. According to officials, the gang had already circulated over 70 crore rupees worth of fake coins into the market. Authorities seized a significant quantity of coins, machinery, and dies from the site. The suspects primarily targeted toll plazas and local markets to distribute the counterfeit currency.
VIMARSHNAARAD TVA major racket involving the production of counterfeit coins has been uncovered in Saharanpur following a joint operation by the local police, SOG, and surveillance teams. Acting on credible intelligence, authorities raided the premises and apprehended five suspects. The scale of the operation has caused significant concern among local officials, as the gang had been operating on a large scale for an extended period.
Investigations revealed that the group had successfully pushed over 70 crore rupees worth of fake coins into the economy. This represents a massive financial fraud that has caught the attention of law enforcement. The suspects were reportedly skilled at manufacturing the coins, making them difficult for the average person to distinguish from genuine currency.
During the raid, police recovered 1.28 lakh rupees worth of finished counterfeit coins. Furthermore, six sophisticated machines used for minting the coins were seized. Authorities also found 39 unmarked dies at the scene, confirming that the coins were being produced illegally and without any official authorization.
Interrogations indicated that the gang members systematically distributed the fake coins across various locations. Their primary targets included busy marketplaces, liquor shops, and toll plazas. By exploiting the high volume of coin transactions at toll booths, they were able to mix the counterfeit currency with genuine money to avoid detection.
Police officials stated that the gang may have links to other cities. The five arrested individuals are currently undergoing rigorous questioning to help authorities identify other members and the masterminds behind the operation. Investigators are also working to trace the source of the raw materials used to manufacture the counterfeit coins.
A vehicle used by the gang for transporting and distributing the fake coins was also confiscated during the operation. Local police believe that dismantling this factory will significantly curb the flow of counterfeit coins in the region.
Authorities have urged the public to remain vigilant during cash transactions. If anyone notices suspicious quality or weight in coins, they are encouraged to report it to the local police immediately. Legal proceedings are ongoing, and police expect further arrests as the investigation progresses.