Bank Staffer Among Three More Arrested in Counterfeit Currency Case in Vellore
Police in Tamil Nadu’s Vellore district have arrested three more people, including a bank employee, for their alleged involvement in circulating counterfeit Indian currency notes. The arrests were made by K.V. Kuppam police on Tuesday, October 13, 2026, taking the total number of people arrested in the case to five.
The latest arrests include G. Velmurugan, 29, a bank staffer from Vellore; R. Ganesan, 23, a farmer from Ranipet; and K. Satish, who operates a salon in Walajah town. Two other suspects, K. Mohanraj, 47, a farmer from K.V. Kuppam village, and M. Murugan, 52, a lorry driver, had been arrested earlier in connection with the case.
According to the police investigation, the case came to light after the lorry driver allegedly used counterfeit ₹100 notes at a TASMAC liquor outlet in Nakkal village near Gudiyatham. The outlet’s salesman reportedly became suspicious of the notes and alerted the police, prompting an investigation into their source.
During questioning, Murugan allegedly told investigators that he had obtained the counterfeit notes from Mohanraj. Police subsequently traced other suspected members of the group and arrested additional suspects based on information gathered during the investigation.
The police recovered counterfeit currency with a total face value of approximately ₹8,700 from the suspects. The notes were reportedly in denominations of ₹100, and investigators are examining how the currency was obtained and circulated.
Police said information provided by those arrested earlier helped them identify the whereabouts of other suspected members of the group. The investigation is continuing to establish the full extent of the alleged operation and determine whether additional people were involved.
The involvement of a bank employee has drawn attention to the case, although the precise role allegedly played by the staffer has not been fully detailed in the available reports. His arrest does not, by itself, establish that he was responsible for producing the counterfeit notes or that other bank employees were involved.
Counterfeit currency cases can undermine public confidence in cash transactions and cause financial losses to businesses and individuals who unknowingly accept fake notes. Authorities generally investigate the source, circulation network and methods used to pass counterfeit currency into everyday commerce.
The police are continuing their inquiry into the Vellore case, including the origin of the counterfeit ₹100 notes and the possible involvement of other suspects. Further details are expected as the investigation progresses.
