Fake 500 Rupee Notes Seized Mumbai – The Mumbai Police Crime Branch has busted an interstate counterfeit currency racket, seizing 2,128 high-quality fake ₹500 notes with a total face value of ₹10.64 lakh. Authorities arrested a 38-year-old Koparkhairane resident, identified as Danish Khan, and detained a 53-year-old tuition teacher from Kurla in connection with the distribution network. A city court subsequently remanded the primary accused to police custody until September 10 to facilitate further investigation.

Fake 500 Rupee Notes Seized Mumbai- Undercover Trap Laid Near Metro Cinema Exposes High-Quality Notes

Acting on specific intelligence, Crime Branch Unit 2, led by Inspector Dilip Tejankar, laid a targeted trap near Metro Cinema in South Mumbai where the suspects arrived to circulate the fake currency. Officials seized the stash of counterfeit ₹500 notes, noting that they featured sophisticated replications of genuine security threads, watermarks, and paper texture, making them exceptionally difficult to detect without specialized equipment.

Fake 500 Rupee Notes Seized Mumbai – Unique Modus Operandi Offerting 2-1 Exchange Value Revealed

Interrogations revealed that the syndicate operated a “double value” scheme, offering buyers ₹20,000 in fake ₹500 notes for every ₹10,000 paid in genuine currency. The accused woman had reportedly obtained a portion of the fake currency from Khan through a common contact, who is now being actively pursued by police to uncover the broader distribution network across the Mumbai Metropolitan Region.

Fake 500 Rupee Notes Seized Mumbai – Interstate Investigation Underway to Trace Printing Source

Preliminary probes confirmed that the counterfeit notes were manufactured outside Maharashtra and smuggled into the city for distribution. While officials have ruled out any immediate foreign links, joint teams from the Crime Branch are analyzing call records, digital footprints, and financial trails to locate the manufacturing unit and identify the main suppliers supplying the fake notes to local handlers.