One held for circulating counterfeit currency, Rs 15 lakh face value fake notes seized

Prathipati Prem Chandu, a resident of West Godavari, Andhra Pradesh has been allegedly circulating counterfeit currency notes

Hyderabad: The Bachupally police arrested a man for allegedly circulating counterfeit currency notes on Sunday. The police seized counterfeit currency notes with a face value of Rs 15 lakh from him.

The arrested person, Prathipati Prem Chandu, a resident of West Godavari, Andhra Pradesh and came in contact with Rakesh, a resident of Pune in Maharashtra.

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“Rakesh handed over the counterfeit currency notes to Chandu and asked him to circulate them in the market, assuring him of paying a commission. On a tip-off, we caught him and seized the property,” said Bachupally Inspector, Upendar Rao.

A case was registered.