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Fake currency racket busted

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Big catch: A sub-inspector of One Town police station in Vijayawada showing the fake currency notes seized from a gang on Thursday. —
Big catch: A sub-inspector of One Town police station in Vijayawada showing the fake currency notes seized from a gang on Thursday. —

Staff Reporter

Three youths from West Bengal arrested, notes seized from them

The trio put fake notes into circulation

Investigation launched to find out the kingpin

VIJAYAWADA: The city police on Thursday arrested three youths hailing from West Bengal on the charge of circulating fake currency notes. The police seized from them fake currency notes of Rs.1,000 and Rs. 500 denomination of a total of Rs. 53,000 and original currency notes of a total of Rs. 62,400.

Assistant Commissioner of Police (west zone) L. Vijay Kumar said that the circulation of fake currency notes was detected when the youths purchased some goods from a roadside shop in Bhavanarayana street recently. Mukelesh alias Raja, 20, a resident of Bahadoorpura village in Malda district of West Bengal, one of the three accused, gave a Rs. 500 fake note and purchased a banian worth Rs. 25 from Yesalapudi Srinivasa Rao, a petty trader.

Srinivasa Rao handed over the note in a nearby wine shop for notes of smaller denominations to return the change to Mukelesh. Srinivasa Rao came to know that it was a counterfeit note only when the cashier at the wine shop identified it as so.

Srinivasa Rao and others caught Mukelesh when he came to test his luck once again and handed him over to the police. Upon interrogation, Mukelesh spilled the beans, and it led to the arrest of two of his accomplices -- Kabeer Hussain and Sk. Jameewool.

Confesses to crime

He confessed that Kabeer Hussain’s relative Babar gave them fake notes of a total of Rs. 1.2 lakhs. The trio successfully put the notes into circulation by purchasing petty items like chappals, lungies, plastic mugs, fancy items and so on from various petty traders in the city, Mr. Vijay Kumar said. Asked about the larger dimension of the racket, the Assistant Commissioner said that investigation had been launched to find out whether Babar was the kingpin behind the printing and circulation of counterfeit notes or whether any one else was involved.

One Town Inspector N. Venkata Reddy said that the notes were so deceptive that they had a security thread, water mark, serial number and all other security features that genuine notes have. The notes could mislead even the staff in a bank at fist glance. The bankers would be able to establish that the notes were, indeed, counterfeit only after testing them under a UV lamp, he said.


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