Diamond Craftsman Busted: Surat Police Uncover Rs 5 Lakh Fake Currency Racket
Surat
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News18•13-01-2026, 14:40
Diamond Craftsman Busted: Surat Police Uncover Rs 5 Lakh Fake Currency Racket
- •Surat SOG police arrested Paresh Punabhai Hadia, a diamond craftsman, for circulating counterfeit notes.
- •Fake Indian currency notes worth Rs 5.03 lakh, along with a mobile and motorcycle totaling Rs 5.55 lakh, were seized.
- •Hadia targeted small shopkeepers in crowded areas, often passing fake notes for change.
- •Initial investigation suggests counterfeit notes originated from the Saurashtra region, prompting a wider probe into manufacturing and suppliers.
- •Police suspect an organized gang is behind the racket and have intensified investigations into other fake currency networks in Surat.
Why It Matters: Surat police busted a major fake currency racket, arresting a diamond craftsman and seizing over Rs 5 lakh in counterfeit notes.
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