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International Counterfeit Currency Ring Dismantled: Chennai Police Uncover Pakistan and Malaysia Links

Tamil Nadu Police and CB-CID dismantle sophisticated fake currency operation with international connections, seizing counterfeit notes worth ₹11 lakh and investigating cross-border criminal network.

23 July 2026VizhiTN Editorial Team5 min read

International Counterfeit Currency Ring Dismantled: Chennai Police Uncover Pakistan and Malaysia Links

📷 Visual Archive • VizhiTN Field Desk✓ Verified Story

Why this matters to Tamil Nadu

Counterfeiting directly threatens the economic system that citizens and businesses depend on for commerce and daily transactions. When counterfeit currency circulates, individuals and businesses suffer losses, confidence in currency declines, and transaction costs increase as people employ additional authentication measures. International counterfeiting operations are particularly concerning because they demonstrate sophisticated criminal coordination and suggest potential connections to terror financing or other organized crime networks. Dismantling these operations protects not only individual citizens and businesses but also maintains the integrity of India's financial systems.

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Key Highlights

Essential facts and key takeaways

8 points

Shafiq Rahman was arrested on 15 July 2026 at a lodge in Triplicane, Chennai, with counterfeit currency worth ₹11 lakh.

Police seized counterfeit notes worth ₹11 lakh, genuine cash amounting to ₹11.21 lakh, and €25,000 in Euro currency during the operation.

Thirteen passports were recovered from the accused, indicating the involvement of multiple operatives with international travel links.

Ravichandran was arrested following Rahman's capture, and his interrogation reportedly helped investigators uncover the wider network.

Parimala, believed to be based in Malaysia, was identified as a key figure in the alleged counterfeit currency racket.

Bhuvaneshwari, a Malaysian national, was detained at Chennai International Airport while allegedly attempting to leave the country.

Investigators suspect the network may have links to organized crime syndicates and terror financing, with further inquiries underway.

Police allege that the counterfeit currency was smuggled from Malaysia into Tamil Nadu for circulation across the state.

Timeline

Chronological developments

5 events

May 2026

Coimbatore Police arrested three individuals for allegedly operating a counterfeit currency printing unit from a residential location.

July 15, 2026

Shafiq Rahman was arrested at a lodge in Triplicane, Chennai, with counterfeit currency worth ₹11 lakh.

July 15–18, 2026

Ravichandran was arrested, and his interrogation reportedly revealed links to an international counterfeit currency network.

July 18–22, 2026

Bhuvaneshwari, a Malaysian national, was detained at Chennai International Airport, as investigators expanded the probe to identify the full extent of the network.

Next Stage

Police are continuing investigations to trace additional suspects, verify international links, and determine the involvement of organized crime or other groups in the alleged counterfeiting operation.