More arrests likely in counterfeit currency racket

April 18, 2016 12:00 am | Updated April 19, 2016 05:54 am IST - VIJAYAWADA

: The West Zone police, probing the international counterfeit currency racket, which reportedly had links with operatives in Pakistan and Bangladesh, are trying to apprehend more accused in the case.

Nagendra, who was accused in the fake currency case, met Akula Venkata Durga Seshubabu in a jail. Seshubabu, a dismissed railway employee, was imprisoned for allegedly deceiving youth by promising jobs in South Central Railway (SCR).

Nagendra introduced his friend Satyanarayana Reddy and two smugglers— Saddam Hussain and Hassan Ali of West Bengal to Seshubabu. The other accused, Mahamood, a native of Malda on Indo-Bangla borders, supplied counterfeit currency to Saddam Hussain and Hassan Ali.

Police have arrested 13 persons in the case till date, including Seshubabu, two natives of West Bengal and ten others of Andhra Pradesh. However, Mahamood, Nagendra and Satyanarayana Reddy are at large.

“This is a big racket in which many people from Bangladesh and Pakistan were involved. We suspect that Mahamood had escaped to Bangladesh after the arrest of the gang. Nagendra and Satyanarayana Reddy will be arrested soon,” said a senior police officer.

“Once we arrest Mahamood, we can reveal the origins of the racket,” the officer said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.