‘Failed to pay rent’: How landlord’s complaint led to 1,600 fake Rs 500 notes
Police in Nagpur discovered a counterfeit currency operation involving 1,600 fake Rs 500 notes after a landlord reported a tenancy dispute. Authorities are currently investigating the suspect's identity and the potential involvement of organized economic terror networks.
Why it matters
The discovery highlights ongoing risks to national financial security and the potential for small-scale rental properties to be used as hubs for illicit activities.
NAGPUR: A counterfeit currency network is under scrutiny of multiple investigating agencies after Wathoda police seized 1,600 fake Rs 500 notes of more than Rs 37 lakh from a rented flat at Three Star Society in Chaitanya Nagar on Saturday. What triggered the police raid was a minor tenancy dispute that snowballed into a case of a probable economic terror plot.The seizure of currency notes, a laptop and a printing machine led to state anti-terrorism squad (ATS) and state and central intelligence agencies joining the probe to determine the scale of the operation.Top police officers dashed to the police station as investigators attempted to trace the prime suspect, Pushpam Bhandane, 29, who claimed to be from Trimurti Nagar, but had taken a flat on rent in a Wadhoda locality on September 26 last year.The flat owner Ramesh Harde reportedly grew suspicious of his activities and asked him to vacate the…
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