Fake currency racket busted in Peddapalli
Peddapalli: Sultanabad police busted a fake currency printing and circulation gang and arrested five of its members on Friday. In all, counterfeit currency notes with face of Rs 77,400 were recovered from them.
Producing the gang members before the media at his office here on Friday, Peddapalli ACP Sarangapani explained the modus operandi of the gang.
Based on reliable information, Sultanabad police led by SI Upender camped at Cheruvukatta and arrested three persons Challa Rayamallu, Darangula Venkati of Kalwasrimpur and Komire Raju of GD nagar of Basanthnagar, and recovered Rs 77,400 worth fake currency notes from them.
Based on the information given by them, cops conducted raids on a printing unit in Karimnagar town and arrested Dugyala Anil of Kalwasrirampur mandal. A printer, scanner, cutter and other material used to print counterfeit currency were recovered from the unit. Later, another member of the gang Pendam Naresh of Kalwasrimpur was also arrested.
ACP warned that the PD Act would be invoked against those trying to print and circulate counterfeit currency.
ACP appreciated Sultanabad police including CI Indrasena Reddy, SIs Upender and Ashok Reddy, ASI Tirupathi, and constables Sadanandam, Sudhakar, Fayaz, Nithin, Pochalu and Naveen for playing a vital role in busting the gang and present cash rewards to them.
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