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

Delhi High Court Refuses to Waive EPCG Average Export Obligation, Directs Exporter to Pursue DGFT Review

The Delhi High Court has declined to grant immediate relief to an exporter seeking...

Disputed GST Fraud Allegations Require Investigation: Punjab and Haryana High Court Makes Interim Bail Absolute in Alleged Fraud and GST Fraud Case

The Punjab and Haryana High Court has made absolute the interim anticipatory bail granted...

Delhi High Court Declines to Examine Customs Record Interpolation Plea, Directs Petitioner to Avail CESTAT Remedy

The Delhi High Court has declined to exercise its writ jurisdiction over a challenge...

DRI Officer Lacked Jurisdiction to Issue SCN: Punjab & Haryana High Court Quashes Customs Proceedings

The Punjab and Haryana High Court has quashed an entire customs adjudication proceeding after...

More like this

Delhi High Court Refuses to Waive EPCG Average Export Obligation, Directs Exporter to Pursue DGFT Review

The Delhi High Court has declined to grant immediate relief to an exporter seeking...

Disputed GST Fraud Allegations Require Investigation: Punjab and Haryana High Court Makes Interim Bail Absolute in Alleged Fraud and GST Fraud Case

The Punjab and Haryana High Court has made absolute the interim anticipatory bail granted...

Delhi High Court Declines to Examine Customs Record Interpolation Plea, Directs Petitioner to Avail CESTAT Remedy

The Delhi High Court has declined to exercise its writ jurisdiction over a challenge...