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Mumbai Police Arrest Two Telangana Natives in ₹8.7 Lakh Fake Currency Bust

Seizure of 1,740 counterfeit ₹500 notes along with printing equipment prompted a probe under the Bharatiya Nyaya Sanhita

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Overview

  • Police arrested Sampat Ayangpalli (46) and Raheem Pasha Shaikh (30) after a tip-off led to a raid in Malad West’s Marve area on Thursday night.
  • Officers recovered 1,740 fake ₹500 notes valued at ₹8.7 lakh in a Baleno car near Sai Baba Mandir, along with a laptop, printer and the vehicle used to transport the materials.
  • Investigators say the duo had been circulating counterfeit currency in Mumbai for six years, exchanging three fake notes for one genuine note at a 1:3 ratio.
  • Police sources found that the suspects had posted videos featuring the counterfeit notes on Instagram to attract buyers.
  • A case has been registered under relevant sections of the Bharatiya Nyaya Sanhita as authorities pursue the full extent of the racket.