Pakistan, May 11 -- Police in Karachi have uncovered an alleged fake currency network accused of planning to circulate counterfeit banknotes in local markets ahead of Eid, raising concerns over financial fraud during the busy shopping season.

According to officials, the operation was carried out by the investigation wing of Al-Falah police after receiving intelligence about suspects involved in selling counterfeit notes at discounted rates.

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Authorities said three suspects were arrested during the raid. The detained individuals were identified as Sajid Ali Shahani, Saddam Hussain Jatoi and Kumail Hamza. Police believe the group was involved in preparing ...