Maharashtra Cyber Cell Busts Fake Currency Racket Operated via Instagram; Two Arrested

The Maharashtra Cyber Cell has exposed a major online fraud operation being run through social media platforms. During the investigation, officials found that a network was actively using Instagram accounts to promote and sell Fake Indian Currency Notes (FICN).

According to the probe, the accused used reels and posts to lure people by promising large amounts of cash in exchange for smaller payments. The scheme, which is completely illegal, was designed to deceive unsuspecting users seeking quick financial gains.

Officials revealed that the accused operated in a highly sophisticated manner. Attractive videos and posts were uploaded on Instagram to trap users, showcasing how they could obtain higher amounts of fake currency for minimal investment. In several cases, victims were duped after making online payments and receiving nothing in return.

Authorities have warned that fake currency networks are not limited to financial fraud alone. Such operations are often linked to organised crime, money laundering, and even terror funding, making it a serious threat to national security rather than just a cybercrime issue.

Acting swiftly, the Maharashtra Cyber Police identified the suspicious Instagram accounts and issued notices under the IT Act to remove the content. Legal procedures have also been initiated to trace and identify the individuals operating these accounts.

So far, a total of four FIRs have been registered in connection with the case. Two cases have been filed at the Maharashtra Cyber’s nodal cyber police station, while the remaining two have been registered at local police stations in Buldhana and Jalgaon. The FIRs include charges under the Bharatiya Nyaya Sanhita (BNS) and relevant sections of the IT Act, particularly those related to online fraud.

In connection with the case, police have arrested two individuals identified as Rahul Anil Pawar and Yogita Hitesh Bhosale. Both are accused of promoting and selling fake currency through Instagram.

Further investigation in the matter is underway.