The Crime Branch-Criminal Investigation Department (CB-CID) has filed a charge sheet against four men accused of trafficking fake Indian currency notes (FICN) from Malaysia into India
On July 15, a special team from Triplicane police station, acting on confidential information, seized fake Indian currency notes with a face value of ₹22.21 lakh, along with foreign currency and mobile phones, from a guest house in Triplicane. The next day, police seized additional fake currency notes with a face value of ₹7,500 from another accused.
Considering the threat posed by the circulation of counterfeit currency to the country’s economic and national security, the Director General of Police and Head of Police Force Mahesh Kumar Aggarwal transferred the case to the CB-CID on July 20.
The investigation revealed that the accused had allegedly conspired to procure fake currency notes from Malaysia and smuggle them into India.
The four accused arrested in the case are Ravichandran, 41, of Orathanadu in Thanjavur district; Sabeek Rahman, 37, of Anna Salai, Chennai; Srinivasan, 48, of K.R. Puram, Bengaluru; and Sayathu Abdul Rahman, 39, of Thousand Lights, Chennai.
During the investigation, the CB-CID examined 44 witnesses and collected bank and travel records, CCTV footage and digital evidence from the accused’s mobile phones. The seized currency notes were sent to Mysuru for expert examination.
On Tuesday, the CB-CID filed the charge sheet against all four accused before the XXIX Metropolitan Magistrate Court, the special court for fake stamp paper and counterfeit currency cases, in Egmore.
The CB-CID said he charge sheet was filed within 90 days of the arrest of the first accused on July 16, in compliance with Section 187(3) of the Bharatiya Nagarik Suraksha Sanhita, 2023. The timely filing prevents the accused from claiming statutory bail solely on the ground that the investigation was not completed within the prescribed period.
Further investigation is under way to identify the wider network allegedly involved in trafficking counterfeit currency.
Published - October 15, 2026 12:23 am IST