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Over Rs 19 Lakh in Suspected Fake Rs 500 Notes Seized at Khandwa Madrasa After Malegaon Arrests

Police say a tipoff from Maharashtra led them to an imam’s room in Khandwa tied to a suspected inter-state counterfeit ring.

Overview

  • Officials reported recovering fake currency with a face value of over Rs 19 lakh, mostly in Rs 500 notes, with counting still underway after earlier estimates near Rs 16 lakh.
  • Two men identified as Zubair (Zuber) Ansari and Nazim Ansari were arrested in Malegaon on October 30 with around Rs 10 lakh in counterfeit Rs 500 notes.
  • Maharashtra Police alerted Khandwa authorities, prompting a raid at the mosque-cum-madrasa in Paithiya/Pethia village and a search of the imam’s quarters.
  • Police say the room belonged to Zubair Ansari, a Burhanpur resident who had been working at the institution, and a team is being sent to seek his remand for questioning.
  • A case has been registered under the Bharatiya Nyay Sanhita as investigators probe links to a wider distribution network and conduct forensic verification of the seized notes.