Jaipur, Oct 26: Jaipur police have seized counterfeit currency with a face value of Rs 3.45 lakh from a 33-year-old man who allegedly planned to circulate the notes during the upcoming Panchayati Raj elections and the festive season, The Times of India reported. All the seized notes were in the denomination of Rs 500 — 690 notes in total, Nation Press reported.
Source: The Times of India (via Visit in Rajasthan)
The operation was carried out by the Commissionerate Special Team (CST) following a tip-off from the NDPS unit. Special Commissioner of Police Om Prakash told The Times of India that the team detained the accused, identified as Shahwaz Khan, a resident of Nahri Ka Naka in Shastri Nagar, and recovered the counterfeit Rs 500 notes from his possession.
Source: The Times of India (via Visit in Rajasthan)
During preliminary questioning, Khan allegedly told police that he had procured the counterfeit currency from the Jama Masjid area of Old Delhi, police said. He was allegedly planning to circulate the notes in the market, taking advantage of increased cash transactions during the election period and festive season, according to police.
Source: The Times of India (via Visit in Rajasthan)
Police have handed over the seized currency to Bhatta Basti police station for further investigation and legal action. Om Prakash said investigators need to establish how the notes reached Jaipur and whether other people are involved in the racket, and police are examining whether the accused was part of a larger network involved in manufacturing or distributing fake currency.