2 weeks ago
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The Sri Sathya Sai territory constabulary connected Monday busted a fake currency racket and arrested 5 persons for allegedly cheating unsuspecting radical by promising ₹10 lakh successful counterfeit currency for each ₹1 lakh successful genuine cash.
The Hindupur constabulary said the accused allegedly utilized fake currency notes and posed arsenic constabulary officials to intimidate victims and marque the counterfeit bundles look genuine. Their modus operandi was to lure gullible radical to a specified spot nether the pretext of exchanging goods. While the woody was nether way, 2 members of the gang, posing arsenic constabulary officers, would raid the determination and prehend some the archetypal and counterfeit currency, sending the “victims” distant with a informing and aboriginal distributing the archetypal currency among themselves.
Acting connected a tip-off, constabulary reportedly intercepted the pack adjacent Konduru Cross successful Lepakshi mandal connected Sunday day and seized fake currency with a look worth of astir ₹50 lakh.
The arrested were identified arsenic K. Venkatesh (34), G. Chandramohan (26), Nagaraju (60), K. Balaji (33), and P. Upendra (23). They beryllium to Tirupati, Chilamathur, Anantapur districts, and neighbouring Karnataka.
Police besides seized an SUV, a cash-counting machine, a baton, handcuffs, khaki trousers, and a police-style headdress that were utilized for the operation. The hunt is nether mode for 1 much accused who is absconding.
Superintendent of Police (SP) S. Satish Kumar appreciated the constabulary squad for swiftly nabbing the racket.
