ELURU: Surreddy Srinivas of Rajahmundry, a Post-Graduate dropout, who aspired to become a civil servant, ended up in a fake currency case, thanks to the quirk of fate. He was one among the four persons arrested by the II-Town police on Wednesday for their alleged involvement in circulating the fake currency in Rs 500 denomination. Three others were still at large.
According to Srinivas, who was presented before the media personnel by the police, when he joined the coaching institute at Kakinada for preparation for the Civil Services exams, he took to fake currency circulation following an association with his fellow `aspirants’ based at Kolkata.
City Circle Inspector Vijayapaul told reporters that Srinivas had allegedly acted as a link between the native gang and the Kolkata-based band by virtue of his association with the latter for exchange of fake notes with original ones.
The bundles of fake notes worth Rs 1 lakh seized by the police from the accused looked like original currency due to use of advanced technology for their printing. The quality of the paper used for preparing fake notes, water marks they had and the crackling sound and the radium colour they produced appeared identical to the original currency, the CI said.
The fake notes revealed their true colour only when their security thread failed to get activated in the ultra violet light, he added. Mr. Paul said the gang, allegedly involved in circulation of fake currency in Khammam, East and West Godavari districts, made wine shops, textile outlets and roadside cafeteria their soft targets for circulation of the fake currency.