Eight held in currency racket

Staff Reporter

HYDERABAD: The Chilakalguda police on Friday arrested eight persons on the charge of organising counterfeit currency racket. Among the arrested were K.L. Vinod Chakravarthy, an attender working in the Osmania University, the Gopalapuram ACP Mohd. Tajuddin said. The police seized 1,319 fake currency notes of Rs. 100 denomination from them. A realtor S. Venkatesh of Parsigutta was said to be the kingpin behind the racket, the ACP said. He used to procure the fake notes from Madhurai and get them exchanged through seven other agents.

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