Hyderabad News: This is the third fake currency racket in 2012 in Hyderabad. The police seized fake notes and arrested 3 men involved in this racket. One among them was D Rajasekhar, Btech graduate living in Ramanthapur and A Venkat Reddy living in Uppuguda. They were travelling on a bike when police stopped them for routine check up. After frisking them, police found 200 fake notes of 100 denominations.
The check up took place in Vinayak Nagar crossroads. After interrogating them, they confessed that both have been making these currencies with the help of a 3rd person G Srinivasa Reddy. When the police went to Rajasekhar’s house on Sunday 12 August, they found their 3rd partner and more fake notes worth 90000 INR.
The three persons were taken into judicial custody after interrogation. In their story, the 3 youngsters revealed that they lost jobs from a call centre. After that, they needed money and hence decided to print fake notes. They designed it from photoshop and started printing a few days ago. Amberpet inspector AC Balagangi Reddy took them into custody and produced them before the magistrate.
Tags: fake currency racket Hyderabad, Amberpet fake currency racket, AC Balagangi Reddy,Vinayak Nagar in amberpet