HomeIndirect TaxesFake Currency Racket Busted in Assam: Rs.37.90 Lakh Seized, One Arrested

Fake Currency Racket Busted in Assam: Rs.37.90 Lakh Seized, One Arrested

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

Silchar, March 26, 2025 – In a major crackdown on counterfeit currency, the officers of the Central Paramilitary Forces (CPF), Silchar, in coordination with Assam Rifles personnel, seized Fake Indian Currency Notes (FICN) with a face value of ₹37.90 lakh on the Silchar-Jiribam road in Assam. The operation took place near Arkatipur, where the team intercepted an SUV carrying the counterfeit notes.

According to officials, a total of 100 bundles of fake Rs. 500 denomination notes were recovered from the vehicle. Acting on intelligence inputs, security forces stopped the SUV and conducted a thorough search, leading to the discovery of the counterfeit currency.

One person has been arrested in connection with the case. Authorities are investigating the suspect’s links to organized counterfeit currency networks, which are known to operate in the region. The origin of the fake notes and their intended distribution points are also under scrutiny.

Counterfeit currency remains a significant threat to India’s financial system, with such rackets often linked to cross-border smuggling networks. Security agencies have intensified their vigilance along sensitive routes to curb such illegal activities.

Further investigation is underway to trace other individuals involved in the syndicate. Officials have assured that stringent action will be taken against those responsible for this illicit trade.

Read More: ICAI Announces CA Final Exams to Be Held Thrice a Year from 2025

Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Challenge To CGST Provisions Restricting ITC To Bona Fide Purchasers: Allahabad High Court Issues Notice

The Allahabad High Court has issued notice in a writ petition challenging the constitutional...

Assam Cabinet Clears Draft Uniform Civil Code Bill; To Be Tabled In Assembly On May 26

The Assam Cabinet on Wednesday approved the draft Uniform Civil Code (UCC) Bill, paving...

RBI Removes Prior Approval Requirement for Non-Bank Tie-Ups in Outward Remittance Services

The Reserve Bank of India has relaxed the regulatory framework governing outward remittance services...

Why GST Dept. Must Recover Tax From Suppliers Instead of Punishing Purchasers?

The dispute surrounding denial of Input Tax Credit (ITC) to bona fide purchasers under...

More like this

Challenge To CGST Provisions Restricting ITC To Bona Fide Purchasers: Allahabad High Court Issues Notice

The Allahabad High Court has issued notice in a writ petition challenging the constitutional...

Assam Cabinet Clears Draft Uniform Civil Code Bill; To Be Tabled In Assembly On May 26

The Assam Cabinet on Wednesday approved the draft Uniform Civil Code (UCC) Bill, paving...

RBI Removes Prior Approval Requirement for Non-Bank Tie-Ups in Outward Remittance Services

The Reserve Bank of India has relaxed the regulatory framework governing outward remittance services...