The Economic Times

Police arrest five people printing fake Rs 500 notes out of a private bungalow in Maharashtra

Police busted a counterfeit currency unit in Nashik, arresting five alleged gang members. Specialized chemicals were allegedly used to manufacture fake Rs 500 notes. Authorities seized genuine currency and printing equipment valued at Rs 12.2 lakh. The interstate group included suspects from Telangana and local Nashik residents. Investigations are ongoing into the gang's distribution network and operations.