Delhi Police have dismantled an interstate counterfeit currency ring, seizing 299 fake notes and printing equipment in Navi Mumbai. Three individuals, including the alleged kingpin and a technical expert, were arrested following an investigation that started in Delhi. This case highlights ongoing efforts by law enforcement to curb the circulation of forged currency in the financial and national capital regions.
The Delhi Police have successfully broken up an interstate network involved in the production and circulation of counterfeit Indian currency. The operation, which involved coordinated efforts with Mumbai Police, led to the arrest of three individuals and the discovery of a clandestine printing unit located in Navi Mumbai.
The investigation began on June 29, 2026, after a local shopkeeper in the Bhalswa Dairy area of Delhi became suspicious of currency notes used by a customer. The shopkeeper alerted patrolling police officers, who upon inspection confirmed the notes were fake. This initial discovery led to the detention of the individual, identified as 62-year-old Natraj Mohan Kanchan, from whom 96 counterfeit Rs 100 notes were recovered.
Following the arrest of Kanchan, authorities tracked the supply chain to Delhi, leading to the apprehension of Subhash Chandra on June 30, 2026. Further interrogation of the suspects revealed deeper links to Maharashtra. A targeted operation in Navi Mumbai resulted in the arrest of 38-year-old Vinod Munnilal Jaiswar on July 13, 2026, at the local railway station. Jaiswar is accused of being the technical mastermind responsible for designing the counterfeit templates using specialized computer software.
During raids conducted as part of this operation, police seized a significant amount of printing and lamination equipment from Kanchan’s residence in Navi Mumbai, including laptops, high-end printers, and specialized watermark paper. In total, authorities recovered 299 counterfeit notes of various denominations. The case remains under active investigation as police work to determine the full extent of the distribution network and identify any other potential associates. For the public and local businesses, the incident serves as a reminder of the importance of verifying currency notes, especially in cash-heavy retail environments.