Chandigarh Police bust counterfeit currency racket, five arrested

Preliminary investigations have revealed that the gang had already printed and circulated counterfeit notes worth crores.

Speaking to ANI, Chandigarh DSP Dhiraj Kumar said that the accused were involved in printing and circulating counterfeit currency notes on a large scale. Acting on specific inputs, the police conducted raids and recovered fake currency worth approximately 7.70 lakh from their possession.

He added that a preliminary investigation has revealed that the gang has already supplied counterfeit notes worth several crores in the market, targeting multiple regions, including Chandigarh, Delhi, Haryana, and neighbouring areas.

According to the police, the accused have links spread across Delhi, Haryana, Jammu and Kashmir, Uttar Pradesh and Uttarakhand. Raids were conducted in these states as well, leading to arrests and the collection of crucial evidence.

Further investigation is underway to trace the source of the fake currency, identify other members linked to the network and ascertain the extent of its operations, the DSP said.

Chandigarh Police have registered a case under relevant sections of law and assured strict action against all those involved.

Earlier in July this year, a 48-year-old man, Vikramjeet Singh, wanted in multiple immigration fraud cases involving crores of rupees, was arrested by the Lahli Police (Distt. SAS Nagar, Mohali) from Mumbai International Airport.

According to Police Post in-charge Amandeep Singh, the accused was attempting to board a flight to Kenya using a forged passport. Vikramjeet and his wife had 6-7 cases registered at different police stations across four districts in Punjab.

As per the release, Vikramjeet Singh, originally from Jalandhar, and his wife, Karamjeet Kaur, are accused of duping several people under the pretext of sending them abroad. Whenever a case was registered, they would relocate to a different district to avoid arrest. (ANI)