Fake currency racket unearthed in Ramanagara, seven held

The Ijoor police in Bengaluru South district recently exposed a fake currency operation based in an unfinished house in Shantilal Layout. Seven individuals were arrested, including the house owner Santosh from Magadi taluk, along with Sampath, Govindaraj, Renukaraj, Rajesh, Shivaraj, and Satish. The seized items included paper, chemicals, cloth, glass sheets, tables, and other materials.

According to SP Rohan Jagadish, the racket involved both local and out-of-state participants. Sampath, from Ramanagara taluk, is believed to be the mastermind behind the operation. The arrested individuals were preparing counterfeit ₹200 and ₹500 notes at the house for roughly 10 days, with plans to hand over the contraband to an unknown contact.

Santosh allegedly allowed the house to be used for two months in exchange for a commission. Upon being promised a 7% commission on the counterfeit currency value, Santosh eventually joined the operation. Detectives noted that the seized materials represented only one stage of the counterfeit currency production process. Over 10 bundles of white paper, estimated at ₹5 lakh, were found, which were allegedly stocked for manufacturing the fake notes.

The accused applied a chemical coating to the paper, cut it into currency dimensions, and transported the prepared sheets to other locations for note production.