Gujarat : Illegal Foreign Currency Ring busted in Bharuch, Rs 56 Lakh Goods seized

Bharuch : The Special Operation Group (SOG) of Bharuch police has nabbed two individuals operating an illegal foreign currency exchange racket under the guise of legitimate money exchange businesses. The operation, conducted at two separate locations in the city, led to the seizure of goods worth Rs 56 lakh, including foreign and Indian currencies.

Acting on a tip-off about suspicious foreign currency transactions, SOG personnel raided a shop named “Bharuch Forex” located at Walika Shopping Center near Muhammadpura Circle. The shop, owned by Mohammad Talha Ibrahim, was allegedly exchanging foreign currency illegally under the pretense of being a licensed money exchanger. During the raid, police seized bundles of Rs 500 denomination notes, various foreign currencies, and identity documents like Aadhaar cards, election cards, and driving licenses.

The investigation further revealed another illegal foreign currency exchange operation at the Express Money Transfer shop in High Cross Complex near Palej rickshaw stand. Here, Mohammad Arif Yunus Patel of Tankaria village was apprehended for illegally exchanging foreign currency and providing Indian currency in return.

“We received information about suspicious foreign currency transactions at these locations and conducted raids simultaneously,” informed a senior SOG official. “We have seized a significant amount of foreign and Indian currency, along with other relevant documents, as evidence. Both accused have been arrested and are being interrogated to unearth the wider network involved in this illegal activity.”