• Fake Currency Racket Busted in Mangaldai, Assam in Late-Night Raid; 6 Arrested

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    Fake Currency Racket Busted in Mangaldai, Assam in Late-Night Raid; 6 Arrested

     More than 4 billion rupees were in circulation in the country as of 2015, according to a study by the Indian Statistical Institute, and 7 million rupees worth of fake money entered the country annually.

    Digital Desk: In a late-night raid on
    Sunday, the Assam Police, acting on a tip, dismantled a phoney cash ring in the
    Mangaldoi town neighbourhood of Lengripara. The phoney currency ring was caught
    after the police conducted a raid on a rented home in the Lengripara
    neighbourhood. The cops removed six people from the premises, including three
    women. Zaman Hussain, Anwar Hussain, Syed Hussain, Rijuma Hussain, Joba Das,
    and Priya Rai have been named as the individuals that were detained.



    They had fake Indian currency from 2000, totaling
    lakhs of rupees, which was found in their possession. Along with other illicit
    items, a currency minting machine was also found in the home. The house's
    ceiling was one of the many places where the fake money was concealed. In the
    process of searching the entire residence for counterfeit money, the police
    also discovered other illicit items.



    The people who were detained allegedly had a
    connection to a prostitution ring as well. If the same house was also used for
    the prostitution ring, it is not yet known. Three people were detained in
    Guwahati earlier this month on suspicion of dealing counterfeit money. One of
    the people detained is also connected to an Arunachal member of parliament. More
    than 4 billion rupees were in circulation in the country as of 2015, according
    to a study by the Indian Statistical Institute, and 7 million rupees worth of
    fake money entered the country annually.



    According to Indian security authorities, the amount
    of FICNs (Fake Indian Currency Notes) in circulation in the nation has grown
    gradually over time and may be multiple times more than the Indian Statistical
    Institute's estimate. Possession of counterfeit cash is a crime in India. However,
    it is only taken into consideration if the person is aware that the notes are
    fraudulent. Numerous laws are relevant when it comes to counterfeit money
    because it constitutes an act of terrorism against the sovereign state and its
    citizens in addition to being a criminal against the individual holder.
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