2 arrested in Hyderabad for fake currency printing; counterfeit notes worth Rs 27 lakh seized
Fake Indian currency notes of total Rs. 27 Lakhs and other materials were seized at the instance of the accused
HYDERABAD: The Commissioner’s Task Force, South Zone Team of Hyderabad police, along with Chandrayangutta Police apprehended two accused persons for allegedly being involved in printing and circulation of fake Indian currency notes in Telangana and other States.
Fake Indian currency notes of total Rs. 27 Lakhs and other materials were seized at the instance of the accused. They also seized a laptop, two printers, a laminator, green colour paper roll, spray paint bottles and a paper cutter.
Reportedly, Hassan Bin Hamood (31) an auto driver, and his accomplice Rameshwari were arrested. Another accused Kasturi Ramesh Babu was still absconding
According to the reports of initial investigation, Ramesh Babu (35) was working as a car mechanic in Narayanpet and after the COVID 19 pandemic he was hit with a financial crisis. After this, he learned and executed printing and circulating fake notes for which he was arrested multiple times. During his time in jail, he met the accused Hassan Bin and told him about this. After getting out of jail, they along with Ramesh Babu’s sister Rameshwari continued to print fake notes.
Based on credible information, the Hyderabad police arrested the accused persons and seized the fake notes Rs. 27 Lakhs and other material. The accused and the seized property were handed over to the SHO Chandrayangutta PS for further investigation.