The City Task Force team on Friday arrested one person and seized counterfeit currency notes of ₹ 2,000 denomination worth ₹ 4.08 lakh from him at the railway station here on Friday.
Addressing a press conference, joint commissioner of police D Nagendra Kumar said the accused was identified as Mohammed Sayyed Ali, who was an old convict and habitual chain snatcher. Ali was allegedly involved in six cases of chain snatching from 2003 to 2014 in and around Saidabad police station under Ranga Reddy district of Telangana.
He was also accused in a murder case in which a former Maoists Kondapuri Ramulu was killed under Chaitanyapuri police station under Cyberabad, the joint commissioner said.
While under judicial remand in Chanchalguda jail, Ali came in contact with one Khaimool of Malda district of West Bengal who was serving a prison sentence for circulating counterfeit notes. He acquired some knowledge in the circulation of counterfeit notes from him. After he was released on bail, Ali went to Kolkota and met Khaimool, who was also out on bail.
He collected counterfeit notes worth ₹ 4.08 lakh from Khaimool for ₹ 1 lakh and arrived in the city on Friday in a bid to push them in the market. On a tip off, the City Task Force Police nabbed him, the joint commissioner added.
Earlier, Sayyed exchanged a few notes in Kolkata and that had given him confidence, said ACP I. Chittibabu.
Ali, along with the seized fake currency was handed over to Fourth Town Police for further action.
