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.