Srinagar, Sep 27: Police in Magam have arrested three individuals, including two students, for allegedly circulating fake Indian currency notes (FICN), officials said on Saturday. The arrests followed a routine operation based on credible inputs about suspicious monetary dealings in the area.

The accused have been identified as Bashrat Bashir Rather, 17, from Archander Hama in Budgam; Mohammad Shafie Ganaie, 37, from Mazhama Magam; and Abid Manzoor, 17, a higher secondary student from Kawoosa Khalisa.

Police recovered counterfeit currency worth ₹27,500 from Bashrat Bashir Rather and ₹5,500 from Abid Manzoor, bringing the total recovery to ₹33,000.

A senior police officer in Magam said further investigation is underway to determine the source of the counterfeit currency and whether the a

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