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
- Watch: Wife catches husband with his girlfriend at Goa Airport
- Shiv Sena announces award of 2 lakh for Hindu families with 5 kids
- Dr Subhash Chandra Show: There are no shortcuts to success, says Dr Chandra
- 'Mann ki Baat': Will implement 13 new pointers to Land Bill from today itself, says PM Modi
- Watch 15 reports from 15 cities
- Know box-office report of Saif-Katrina's 'Phantom'
- Sheena Bora murder case: Indrani Mukerjea's ex-husband Sanjeev Khanna, driver taken to Raigad to recreate crime scene
- Wife catches husband along with his girlfriend at Goa airport, video goes viral – Watch
- Bihar polls 2015: Lalu pacifies 'upset' Mulayam ahead of Mahagatbandhan rally, offers 5 seats to SP
- Indrani's former brother-in-law claims Sheena was Siddharth Das' daughter