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    HomeTelangana13 Arrested as Inter-state Counterfeit Currency Racket is Unearthed in Rangareddy

    13 Arrested as Inter-state Counterfeit Currency Racket is Unearthed in Rangareddy

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    A group of 13 people were caught for making and using fake Indian currency notes in Telangana and other states. The authorities seized counterfeit currency notes worth Rs 30,68,500, net cash worth Rs 60,500, and 13 mobile phones. The group was identified as Koneti Rajesh, Neel Das, Addagula Suman, Gurrapagari Naveen, Loggari Madhu, Kovvuri Vinodh Satish Kumar Reddy, Rohan Laxman Bhattar, Gurrala Naveen, Mandapadu Uday Bhaskar, Polothu Srinivas, Kumbha Tirupathi Rao, Mohd Khateebuddin, and Mohammed Asmath. However, Suriya, Charan Singh, and Kasthuri Ramesh Babu are still missing.

    The Cyberabad Commissioner of Police, Stephen Ravindra, said that they received a complaint from a supervisor working at Raidurgam who reported that a customer named Rajesh had given fake notes when vacating a room. On further investigation, it was discovered that Rajesh and others had formed a gang to circulate fake currency notes by printing them. The gang circulated the fake notes according to their plan, causing ordinary citizens and small business vendors to suffer financial losses. The circulation of counterfeit currency is also causing huge losses to the Indian economy.

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    Rajesh used to advertise the fake currency on YouTube videos and Instagram. He provided his mobile number to interested clients who purchased the fake notes. Other members of the group also used similar marketing strategies to circulate fake currency. They took the counterfeit currency from clients in a 1:5 ratio. Rajesh and Neel Das supplied counterfeit currency to other members of the group in a 1:3 ratio, claiming that the notes were similar to original currency. They instructed the individuals who received the counterfeit currency to use it in night markets, street vendors, and small shopkeepers only.

    The authorities worked tirelessly to apprehend the group. The Special Task Force, L&O Police, and Cyberabad Commissionerate team members worked under the leadership of V Syam Babu, ACP, STF, and the guidance of Cyberabad Crimes DCP Kalmeshwar Shingenavar. Cyberabad CP Stephen Ravindra appreciated the dedicated efforts of the inspectors and sub-inspectors who actively participated in apprehending the group.

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    Rajesh Mhttps://www.telanganatribune.com
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