Six held for circulating fake currency
Hyderabad: Six persons were arrested from Abids here on charge of trying to circulate fake euro notes with a face value of about Rs seven crore, police said.
Accused Syed Subhan, a tailor from Guntur district, who resides in Mumbai, along with his five associates, were looking for prospective customers to sell the counterfeit euro currency for a sum ranging between Rs 5 lakh and Rs 10 lakh when they were nabbed, Abids Inspector Guru Raghvendra said.
At least three notes and four coins, besides two certificates of banks, all forged, mentioning about their value as one million euros was seized from the six accused, who were trying to dupe gullible customers, he said.
According to preliminary investigation, one Akram from Mumbai, had given fake euros to Subhan, the inspector said.
Abids police have booked a case of cheating and further investigations were underway.
More from India
More from World
More from Sports
More from Entertaiment
- Panel discussion on clashes at JNU over Afzal Guru row
- DNA: JNU students clash over Afzal Guru row
- JNU students call terrorist Afzal Guru a martyr amid anti-nationalist slogans
- Panel discussion on clashes at JNU over Afzal Guru row- Part II
- PM Modi breaks protocol to receive Abu Dhabi Crown Prince Al Nahyan
- Drunk girl creates ruckus in Delhi's Connaught Place; arrested - Watch
- JNU erupts over 'Shaheed Afzal Guru', 'Azad Kashmir'; rival student groups clash, police deployed
- AAP poster showing Arvind Kejriwal with Bhindranwale sparks row in Punjab
- Video of Hanumanthappa's rescue that went viral on social media is fake - Watch
- Digangana Suryavanshi chops off her mane on Salman Khan's advice—See pics!