New Delhi: The Delhi Police Fake Currency Racket investigation has led to the arrest of three alleged members of an interstate counterfeit currency network, including its suspected kingpin, after officers recovered 299 fake currency notes and uncovered a fully functional counterfeit currency printing unit in Navi Mumbai.
Police identified the accused as Natraj Mohan Kanchan (62), the alleged mastermind from Navi Mumbai, Vinod Munnilal Jaiswar (38) of Mumbai, and Subhash Chandra (55) of Delhi’s Maksudpur. Investigators believe the trio played key roles in manufacturing, transporting and circulating counterfeit Indian currency across multiple states.
Shopkeeper’s Alert Exposes Fake Currency Network
The investigation began after a shopkeeper in Delhi’s Bhalswa Dairy area noticed something unusual while accepting payment from a customer.
According to police, the customer purchased a few packets of cigarettes using six ₹100 notes that appeared different in colour and texture. Suspecting the notes were counterfeit, the shopkeeper immediately informed a beat police officer patrolling the area.
After a preliminary examination, the officer found the currency to be suspicious, leading to the registration of an FIR and a detailed investigation into the source of the fake notes.
Delhi Police Fake Currency Racket Leads to Recovery of 299 Counterfeit Notes
During the initial investigation, police detained Natraj Mohan Kanchan.
A search allegedly led to the recovery of 96 counterfeit ₹100 notes from his possession.
During interrogation, Kanchan reportedly disclosed that he was staying at a hotel in Delhi’s Paharganj. Acting on the information, police raided the hotel room and recovered an additional 180 fake ₹100 notes and 13 counterfeit ₹500 notes, taking the total seizure to 299 counterfeit notes.
The recovery significantly widened the investigation and indicated that the network was actively distributing fake currency in the national capital.
Delhi Accused Linked to Distribution Network
Police alleged that Kanchan supplied counterfeit notes to Delhi-based accused Subhash Chandra, who was responsible for circulating the fake currency in the capital.
Following his arrest, officers recovered 10 counterfeit ₹100 notes from Chandra’s possession.
His questioning reportedly provided investigators with crucial information about the movement of counterfeit currency between Maharashtra and Delhi and the wider network involved in its circulation.
Fake Currency Printing Unit Found in Navi Mumbai
The investigation later took a major turn when a Delhi Police team travelled to Navi Mumbai with assistance from Mumbai Police.
During a search of Kanchan’s residence, officers uncovered an alleged counterfeit currency printing unit equipped with machinery and materials used to manufacture fake Indian currency.
Police seized a laptop, printer, lamination machine, watermark papers, specialised paper rolls and several other items believed to have been used in printing counterfeit notes.
The seized equipment has been sent for forensic examination to determine its use in the production of fake currency.
Probe Continues into Interstate Counterfeit Currency Racket
Police said the investigation is continuing to identify other members of the racket and determine the full extent of the operation.
Investigators are also examining whether counterfeit notes manufactured by the network had already been circulated in other states and whether additional individuals were involved in the production, transportation and distribution of fake Indian currency.
Officials said further arrests are possible as investigators trace the financial links and operational network behind the counterfeit currency racket.
Counterfeit currency cases are treated as serious offences because they not only deceive individuals and businesses but also pose a threat to the country’s financial system. Police officials said the ongoing investigation aims to uncover the entire supply chain of the alleged racket, including the source of raw materials, distribution channels and possible links with similar counterfeit currency cases reported in other parts of the country.
Also Read: Ghaziabad Police Arrest Two in ₹27 Lakh ATM Van Robbery Case, Gang Leader Absconding
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