NIA Conducts Raids in Mumbai, Establishes D-Company’s Role in Circulation of Counterfeit Notes

Mumbai: The National Investigation Agency (NIA) has seized evidence following searches at six locations in Mumbai related to the seizure of high-quality counterfeit currency from Thane and has established the role of ‘D-Company’ in the circulation of fake currency notes.

In November 2021, the Thane police crime branch confiscated fake currency notes of Rs 2.98 lakh face value, which was followed by an investigation that established the syndicate of fugitive Don Dawood Ibrahim’s involvement in the circulation of fake notes in India.

The NIA team conducted multiple raids on Wednesday at various properties, including the residences and offices of accused persons and suspects in the case, where they seized sharp-edged weapons, digital devices, and documents, which strongly corroborate NIA’s earlier findings.

Two residents of Mumbai, Riyaz and Nasir, were arrested in the case and are presently in judicial custody. The Thane police charged them in the high-profile case, which was later taken over by the NIA and re-registered on February 7, 2023. The NIA continued its investigation into the matter and raided various properties on Wednesday, including the accused’s homes and offices.