Mehdipatnam police arrest eight persons in fake currency racket

The Mehdipatnam police on Thursday arrested eight persons who were allegedly preparing and circulating fake Indian currency notes. Counterfeit currency with a face value of Rs 4.75 lakh was seized along with a car, three motorcycles and nine mobile phones.

The arrested are Kasthuri Ramesh (35), Abdul Waheed (21), Mohd Abdul Khadeer (21), Mohd Sohail (21), Mohd Fahad (23), Shaik Imran (23), Omer Khan (23) and Syed Altamash Ahmed



(21).

According to G Chandra Mohan, DCP (south west), prime suspect Ramesh, was preparing fake currency notes of Rs 500 denomination and circulating them in the market through other suspects. He used a scanner and printer to make the currency notes.

“Ramesh posted a video on Instagram about fake currency note exchange. He issued four fake currency notes of Rs 500 denomination in exchange for one genuine note of Rs 500,” he said.