Annamayya District Police have arrested 10 persons for printing and circulating counterfeit currency and recovered 735 counterfeit currency of ₹500 denomination and the machinery used for printing the fake notes.
According to Superintendent of Police V Vidyasagar Naidu, a person came to the Lucky Wine Shop at Vayalpadu on June 26 and gave a ₹500 note to purchase a bottle of liquor. The wine shop manager S Naveen Kumar found the note a fake one and grilled the customer following which the latter fled from the place. Mr Naveen Kumar lodged a complaint with the Vayalpadu police stating that the person had tried to exchange a counterfeit currency twice on earlier occasion after which an investigation was launched.
Vayalpadu circle inspector J Prasad Babu got specific information about the counterfeit currency gang moving around Vayalpadu Cross on the Madanapalle – Bengaluru main road and reached there. The police surrounded the accused and nabbed them when they tried to flee, the SP said.
The person who tried to exchange the counterfeit currency was identified as Shaik Kaleshavali alias Kalesha and during questioning he admitted that three persons from Karnataka, Rathod, Kumar and Babu, who are absconding, are behind the preparation and circulation of counterfeit currency in Madanapalle, Mr Vidyasagar Naidu said.
The other accused have been identified as V M Mushtaq Ahmed alias Mutthu, NMd Hafeez, Bhimsingh Pandit Rathod, T Kumaraswamy alias Kumar, Shaik Shafiq Ahmed, Nandimangalam Ejaz Pasha, V M Purqaan, Shaik Asif and Shaik Suhail. Apart from the fake currency notes, the Police recovered a printer, laptop, 12 mobile phones and other material. Further investigation is on.
