Gang of eight arrested for printing and circulating counterfeit ₹500 notes

A pack of 8 members progressive successful printing and circulating fake Indian currency was arrested by the Mehdipatnam Police successful a associated cognition with the Commissioner’s Task Force, South West Zone.

Police seized counterfeit ₹500 denomination notes worthy ₹4.75 lakh, a hatchback four-wheeler, 3 two-wheelers, and 9 mobile phones during a raid conducted astatine Eidgah Grounds, First Lancer, connected November 12. The accused person been identified arsenic Kasthuri Ramesh Babu, 35, the alleged mastermind, on with Abdul Waheed, 21, Mohd Abdul Khader alias Taha, 21, Mohd Sohail, 21, Mohd Fahad, 23, Shaik Imran, 23, Omer Khan, 23, and Syed Altamash Ahmed, 21, each residents of Hyderabad.

An serviceman from the task unit said that Ramesh Babu, a car mechanic from Tandur, had earlier been arrested successful akin fake currency cases by Rajkot, Chandrayangutta, and Gopalpuram police.

Investigations revealed that Ramesh, with assistance from his sister K. Rameshwari, was printing fake ₹500 notes astatine his residence successful Tandur. The duo scanned genuine notes, edited them connected a bundle for close dimensions, and printed them. “They utilized greenish acquisition wrapper insubstantial to imitate the information thread, pasted it connected the counterfeit notes with adhesive, dried them utilizing a vigor gun, and packed them into bundles resembling genuine currency,” explained the officer.

Police recovered that Ramesh had posted a video connected Instagram, sharing his telephone fig to pull buyers.

The pack operated done a layered organisation system: Ramesh supplied counterfeit notes to Waheed and Taha connected a 1:4 ratio, who past passed them to Sohail and Fahad astatine a 1:3 ratio. The notes were further circulated by Imran and Omer connected a 1:2 ratio, with Altamash being the last constituent of exchange.

All 8 accused were arrested connected November 12 and produced earlier court. Officials said further arrests are apt arsenic efforts proceed to place others connected to the counterfeit racket.