Andhra Pradesh

Inter-State gang busted, counterfeit currency notes of ₹2.76 crore seized

Big haul: SP Ch. Venkata Appala Naidu showing the seized currency notes at a media conference in Chittoor on Wednesday.

Big haul: SP Ch. Venkata Appala Naidu showing the seized currency notes at a media conference in Chittoor on Wednesday.  

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Three people from Krishnagiri district in Tamil Nadu among six arrested in a two-day operation

In a two-day operation, the Chittoor Police have arrested six members of an inter-State gang and seized counterfeit currency notes with a face value of ₹2.76 crore and printing machinery from their hideout near Kuppam town.

A special party was formed after receiving several complaints about the circulation of fake currency notes in the villages in and around Kuppam, Superintendent of Police Ch. Venkata Appala Naidu said on Wednesday, while producing the accused and seized counterfeit bills before the media.

Acting on a tip-off, Kuppam Rural Circle Inspector Krishna Mohan and Ramakuppam SI G. Prasada Rao rushed to a provision shop at Vijalapuram village in Ramakuppam mandal on Tuesday evening and apprehended two persons from Krishnagiri of Tamil Nadu who were moving suspiciously in the area.

“The duo was found in possession of a small quantum of counterfeit currency notes which they were planning to circulate. With help of the information provided by the accused during preliminary interrogation, the special party raided a house at Syamaguttapalle village in Kuppam mandal on Tuesday midnight and arrested four persons who were busy printing fake currency notes,” the SP said.

Counterfeit bills with a total face value of ₹2.76 crore in the denominations of ₹2,000, ₹500, ₹200 and ₹100 were seized and the ones in demonetised denomination of ₹1,000 worth about ₹1.69 crore.

The accused have been identified as K. Manigandan (28), K. Kubendran (50) and M. Suresh Kumar (23), all from Krishnagiri district of Tamil Nadu; H. Ananta Kumar (33) from Syamaguttapalle in Kuppam mandal; Devireddy Suresh Reddy (31) and B. Hemanth (26) from Tirupati.

‘Agents hired’

“The gang members would engage agents on a commission basis of ₹10,000 for circulating the fake bills with a face value of ₹1 lakh. They had plans to circulate the fake notes in the tri-State junction of Kuppam, part from weekly shandies, villages and busy commercial junctions in other States,” the SP said.

He added that probe would be intensified to ascertain the inter-State operations of the gang, the quantum of fake currency notes in circulation and the other stakeholders in the group. The accused were produced before the court in Chittoor and remanded.

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Printable version | Dec 15, 2019 7:08:41 PM | https://www.thehindu.com/news/national/andhra-pradesh/inter-state-gang-busted-counterfeit-currency-notes-of-276-crore-seized/article28702476.ece

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