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Mumbai Police bust counterfeit currency racket, nab two Telangana natives
Updated On: 30 May, 2025 06:29 PM IST | Mumbai | Samiullah Khan
According to police sources, the suspects had travelled to Mumbai with the intention of exchanging the counterfeit notes for genuine currency at a 1:3 ratio (three fake notes in exchange for one genuine note) through a potential buyer, an official said
The accused in Malwani Police custody along with the seized currency notes with the team who led the operation. Pic/Police sources
In a major crackdown on counterfeit currency, the Malwani police in Mumbai arrested two suspects who are natives of Telangana on Thursday night for allegedly possessing fake Indian currency worth Rs 8.7 lakh, an official said on Friday.
The fake currency was seized by a team of police officials from Marve area in Malad West, he said.
He added that the currency was seized near Sai Baba Mandir in Marve.
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