In a significant breakthrough against counterfeit currency operations, Bengaluru police have apprehended three individuals from Tamil Nadu who were allegedly attempting to circulate fake Indian currency notes in the city.
The arrests took place on Thursday near Mysore Bank Colony in Bengaluru, where police recovered counterfeit notes with a face value of ₹50,000 from the suspects. All the seized notes were of ₹500 denomination, raising concerns about the sophistication of the counterfeit operation.
The Sting Operation
Acting on a specific tip-off about suspicious activities in the area, a special police team laid a trap and caught the trio red-handed while they were allegedly attempting to peddle the fake currency. The operation demonstrated the effectiveness of Bengaluru's intelligence network in combating financial crimes.
Identities Revealed
The arrested individuals have been identified as residents of Tamil Nadu, highlighting the inter-state nature of counterfeit currency operations. Police sources indicate that the accused were allegedly trying to introduce the fake notes into Bengaluru's local markets and businesses.
Ongoing Investigation
Authorities have launched a comprehensive investigation to determine the source of the counterfeit currency and identify potential links to larger syndicates. Forensic examination of the seized notes is underway to determine the printing quality and origin of the fake currency.
This incident serves as a stark reminder for businesses and citizens to remain vigilant when handling cash transactions. Police have advised the public to carefully check currency notes for security features and immediately report any suspicious currency to authorities.
