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'Such acts eat away vitals of economy': Supreme Court refuses bail to Bulgarian man in counterfeit notes case

'Such acts eat away vitals of economy': Supreme Court refuses bail to Bulgarian man in counterfeit notes case

Deccan Herald18-06-2025
Metodiev was arrested on June 21, 2023, following a raid based on specific intelligence inputs alleging that he was supplying Fake Indian Currency Notes (FICN).
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Surat: ATS, DCB arrests man with fake notes with face value of Rs 1.59 lakh
Surat: ATS, DCB arrests man with fake notes with face value of Rs 1.59 lakh

Indian Express

time2 days ago

  • Indian Express

Surat: ATS, DCB arrests man with fake notes with face value of Rs 1.59 lakh

The Gujarat Anti-Terrorist Squad (ATS) and the Detection of Crime Branch (DCB) of Surat city police, in a joint operation on Tuesday, raided a Diamond City-bound train and seized Fake Indian Currency Notes (FICN) in denominations of Rs 500 and with face value of Rs 1.59 lakh. They also nabbed one Satyanarayan Devilal Teli, who was ferrying the notes from West Bengal,. He had allegedly purchased the notes for Rs 59,000. He had received a total of 319 fake Rs 500 notes by paying Rs 185 per note. The ATS had received a tip-off about Teli, a resident of Mankna village in Surat. Teli was travelling to Surat on Porbandar-Santragachi Kavi Guru Superfast Express train, which was scheduled to reach Udhna railway station on Tuesday. A team of the ATS was dispatched. The ATS officials raided the train along with DCB officers. Teli was booked under BNS sections 179 (use of forged currency), 180 (possession of forged currency), 61(2) (criminal conspiracy). Further investigation into the source of the fake notes is underway.

One held with fake currency at Surat's Udhna railway station
One held with fake currency at Surat's Udhna railway station

Time of India

time2 days ago

  • Time of India

One held with fake currency at Surat's Udhna railway station

Ahmedabad: The Gujarat Anti-Terrorism Squad (ATS) on Monday seized fake Indian currency notes (FICN) with a face value of Rs 1.59 lakh from Udhna railway station in Surat and arrested one person. The counterfeit notes, all in Rs 500 denominations, were recovered following a tip-off about the movement of fake currency from West Bengal to Gujarat. The arrested individual was identified as Satyanarayan Teli (35), a resident of Mankna village in Surat. He was intercepted by a joint team of Gujarat ATS and Surat detection of crime branch (DCB) officials upon his arrival by the Porbandar-Kaviguru Express train. According to an ATS press release, the operation was conducted under the supervision of ATS superintendent of police (SP) K Siddharth and deputy SP Virjeetsinh Parmar. The raid was executed on the ground by inspector D D Rehvar, sub-inspector M L Solanki, and inspector V R Jadeja, with support and and technical assistance from the DCB Surat. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad During the search, police recovered 319 counterfeit Rs 500 notes. The accused allegedly acquired the FICN by paying Rs 59,000 in genuine currency to a contact in West Bengal. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo Initial interrogation revealed that the accused intended to circulate the fake notes locally through small transactions to avoid detection and undermine the economy, an ATS official said. A case has been registered at the ATS police station under relevant sections of the Bharatiya Nyaya Sanhita (BNS). Further investigation is underway to trace the supply network originating from West Bengal.

Two arrested for printing, circulating fake currency notes in Delhi
Two arrested for printing, circulating fake currency notes in Delhi

New Indian Express

time08-07-2025

  • New Indian Express

Two arrested for printing, circulating fake currency notes in Delhi

NEW DELHI: Two men from Uttar Pradesh's Amroha district were arrested for printing and circulating fake Indian currency notes (FICN) in Delhi and western UP. The accused, Adnan and Danish, were producing counterfeit notes for the past four to five months. They targeted smaller denominations, particularly Rs 100, to avoid scrutiny. Acting on a tip-off, the Special Cell arrested Adnan on June 20 while he was delivering Rs 30,000 in fake Rs 100 notes to a decoy customer in Delhi's Dallupura area, Deputy Commissioner of Police (Special Cell) Amit Kaushik said. 'During questioning, Adnan revealed he and Danish printed the notes using a colour printer at Danish's house. A raid at the premises led to the recovery of fake notes worth Rs 14,500 in Rs 100 and Rs 200 denominations, unfinished prints, a colour printer, paper sheets, cutter, and green tape,' the officer added. Police said Adnan previously worked at a pathological lab and learned counterfeiting techniques from an acquaintance. He later involved Danish, who was unemployed and needed money. 'Both the accused are in custody,' police said.

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