Andhra Pradesh

Fake currency racket busted in Vizianagaram

The Vizianagaram police busted a counterfeit currency racket and arrested six persons, Superintendent of Police B. Rajakumari said on Tuesday.

A person named Kandi Ramu and his friends allegedly learnt how to manufacture counterfeit currency notes by watching videos on the internet, and set up a photocopying shop at Bhogapuram of Vizianagaram district. They then began printing counterfeit currency notes and circulated them in villages. While the accused managed to dupe a few villagers, some traders eventually realised that the notes were counterfeit and alerted the local police.

After a thorough inquiry, the department arrested six persons and seized counterfeit currency notes with a face value of ₹31 lakh and ₹65,000 in genuine cash. Ms. Rajakumari urged the public to inform the nearest police stations immediately if they come across counterfeit currency notes.

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Jul 6, 2020 9:38:47 AM |

Next Story