Assam Police Bust Counterfeit Currency Ring, Seize Rs 2 Crore in Fake Notes

Assam Police seized counterfeit currency notes worth Rs 2 crore in Dhubri district's Chapar locality. Sahinur Islam, a key suspect, was arrested for operating an extensive counterfeit currency network.

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Aqsa Younas Rana
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Assam Police Bust Counterfeit Currency Ring, Seize Rs 2 Crore in Fake Notes

Assam Police Bust Counterfeit Currency Ring, Seize Rs 2 Crore in Fake Notes

In a major crackdown on counterfeit currency operations, the Assam Police conducted a late-night raid in Dhubri district's Chapar locality, seizing fake currency notes worth approximately Rs 2 crore. The operation, led by the Circle Police Officer of Pamkhedi Chapar and the officer-in-charge of Sapar police station, took place on Saturday night in Barghola, Dhirghat of Sapar.

The police arrested Sahinur Islam, a resident of Dhirghat in Chapar, who is suspected of operating an extensive counterfeit currency network. Islam's involvement in this illicit enterprise had long been a matter of concern, with allegations suggesting his use of mystical practices such as tantra mantras to perpetrate fraudulent schemes involving counterfeit money.

Why this matters: The seizure of counterfeit currency notes worth Rs 2 crore highlights the significant threat posed by fake currency to the country's financial system and economy. If left unchecked, such illegal activities can lead to a loss of public trust in the currency and undermine the stability of the financial sector.

The seized counterfeit notes were intended for distribution at a fraction of their face value, with an estimated sale price of Rs 7 lakh. This highlights the lucrative nature of this illicit trade, which poses a significant security risk and could lead to substantial losses if the notes are expertly distributed.

The arrest of Sahinur Islam marks a crucial step towards dismantling the infrastructure supporting counterfeit currency operations in the region. The ongoing police investigation aims to uncover the intricate web of criminal activities orchestrated by Islam and his accomplices, shedding light on the modus operandi employed to propagate counterfeit currency within the local populace.

This seizure represents a significant blow to the clandestine economy of fake currency prevalent in various regions of Assam, particularly in rural areas where unsuspecting individuals often fall victim to nefarious schemes orchestrated by unscrupulous elements. The Assam Police's efforts to erode the foundations of regional counterfeit operations demonstrate their commitment to eradicating this menace and ensuring the security of the financial system.

The successful operation in Dhubri district underscores the importance of sustained vigilance and proactive measures by law enforcement agencies to combat the circulation of counterfeit currency. As the investigation progresses, authorities are determined to bring the perpetrators to justice and dismantle the networks that facilitate this illegal trade, safeguarding the interests of the public and the integrity of the nation's currency.

Key Takeaways

  • Assam Police seize Rs 2 crore worth of counterfeit currency in Dhubri district.
  • Sahinur Islam, a key suspect, arrested for operating a counterfeit currency network.
  • Seized notes were intended for distribution at a fraction of their face value (Rs 7 lakh).
  • Arrest marks a crucial step towards dismantling counterfeit currency operations in the region.
  • Operation highlights the importance of sustained vigilance to combat counterfeit currency.