Major Counterfeit Currency Bust in Bhaktapur: 1.5 Million Fake Notes Seized; Hidden Factory Uncovered

In a significant breakthrough, law enforcement authorities in Bhaktapur have successfully intercepted a vast cache of counterfeit currency, leading to the discovery of an illicit factory responsible for producing fake notes. The operation, conducted jointly by the Thankot Police Circle and the Changunarayan Police Division, has resulted in the confiscation of fake notes amounting to a staggering 1.5 million Nepali rupees.

The meticulously executed operation unfolded in Changu Budhathokigaun, nestled within Changunarayan Municipality-4, Bhaktapur, on a fateful Thursday evening. The team of dedicated officers swiftly apprehended nine individuals believed to be connected to the counterfeit currency racket, underlining a comprehensive crackdown on this fraudulent enterprise.

Among the arrested individuals, a prominent figure emerged – 40-year-old Arjun Subedi, a resident of Balefi Municipality-7 in Sindhupalchok who had established a base of operations in Changu. The meticulous raid of Subedi’s residence unearthed a hidden factory of deception, where fake notes were being meticulously manufactured. District Police Range Bhaktapur’s Superintendent of Police, Prajit KC, confirmed the discovery, revealing that law enforcement had seized a color printer, a computer, a dozen mobile phones, and four scooters from the premises.

The list of individuals apprehended in connection to this criminal network includes:

Arjun Subedi (40 years old) – Balefi Municipality-7, Sindhupalchok
Milan Bhandari (21 years old) – Sunkosi Rural Municipality-6, Sindhupalchok
Shiv Bhandari (32 years old) – Sunkosi Rural Municipality-6, Sindhupalchok
Shrikrishna Bhandari (23 years old) – Sunkosi Rural Municipality-6, Sindhupalchok
Sushil Karki (26 years old) – Pepsicola, Kathmandu
Parvati Nepali – Sarabal Rural Municipality-1, Nawalparasi (Currently residing in Kathmandu)
Sagar Acharya (27 years old) – Badagaon Rural Municipality-2, Gulmi (Currently residing in Samakhusi, Kathmandu)
Arjun Budha (23 years old) – Achham (Currently residing in Matatirtha, Kathmandu)
Yuvraj Rai (24 years old) – Jhapa (Currently residing in Samakhusi, Kathmandu)

The seized evidence has been transported to the Thankot Police Circle, where meticulous investigation is underway. This operation marks a significant stride in the fight against counterfeit currency, reinforcing the commitment of law enforcement to ensure the security and integrity of the financial system.

As the investigation delves deeper, authorities aim to dismantle the entire network and bring those responsible for this illegal activity to justice. The successful operation not only safeguards the economy but also sends a resounding message that criminal enterprises will not go unchecked, serving as a stern warning to potential wrongdoers.

The Thankot Police Circle and Changunarayan Police Division remain resolute in their pursuit of justice and are determined to eradicate counterfeit currency from the region, ensuring a safer and more secure future for all citizens.