Three arrested for circulating fake currency notes

Last Updated: Sunday, February 13, 2011 - 00:41

Hyderabad: Hyderabad Police on Saturday arrested
three persons, who were allegedly a part of a network which
smuggled fake Indian currency into the country from Pakistan,
and seized currency notes worth the face value of Rs 6.5 lakh
from them.

The Commissioner`s Task Force arrested A Narendra Kumar
Reddy and his two associates -- Syed Hussain and Maqbool
Hussain -- on the charges of circulating fake currency notes.

Counterfeit notes of the denominations of Rs 500 and Rs
1,000 were seized from them, said Additional Commissioner of
Police (Coordination) A R Anuradha.
Reddy is a native of Banaganapally in Kurnool district.
He got introduced to the fake currency network first when he
visited Raichur in Karnataka.

He and his associates joined hands with one Palakollu
Kumar and procured fake Indian currency notes with the face
value of Rs 65 lakh that was procured from Bangladesh.
The Commissioner`s Task Force (West Zone) apprehended the
three men, while they were trying to circulate fake currency
in Mehdipatnam area here today, Anuradha said.

PTI



First Published: Sunday, February 13, 2011 - 00:41
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