Real-life Farzi: Counterfeit currency worth Rs 30 lakhs seized, 13 held in Hyderabad

The availability of fake currency notes was advertised through YouTube, Instagram posts, providing the mobile number in the account display picture

By Newsmeter Network  Published on  25 April 2023 11:19 AM GMT
Real-life Farzi: Counterfeit currency worth Rs 30 lakhs seized, 13 held in Hyderabad

Hyderabad: In a combined operation, the special task force, L&O police, and SOT Cyberabad busted a notorious inter-state counterfeit currency racket and arrested 13 persons who were circulating fake Indian currency notes (FICN) in Telangana and other states.

Counterfeit currency notes worth Rs. 30,68,500, cash Rs. 60,500, and 13 mobile phones were seized from them.

The accused persons have been identified as Koneti Rajesh, Neel Das, Addagulla Suman, Gurappagari Naveen, Loggari Madhu, Kovvuri Vinodh Satish Kumar Reddy, Rohan Laxman Bhattar, Gurrala Naveen, Mandadapu Uday Bhaskar, Polothu Srinivas, Kumbha Tirupathi Rao, Mohd Khateebuddin, and Mohammed Asmath.

One of the accused, Rajesh, who worked as a dance master and hails from Gajjam district in Odisha was previously arrested by the Banjara Hills police under sections 406 and 420 of the IPC.
The gang was involved in secretly printing fake currency notes and circulating them in the market, causing ordinary citizens and petty business vendors to suffer financial loss. The circulation of counterfeit currency was also causing huge losses to the Indian economy.
A case was registered under sections 489-A, 489-B, 489-D, 420 r/w 120-b of the IPC at Raidurgam police station in Cyberabad based on a complaint from the supervisor working at Raidurgam who reported that one of the customers had given fake notes while vacating a room.
Rajesh used to advertise the availability of fake currency notes through comments on YouTube videos and Instagram posts, providing his mobile number in the account display picture. This marketing strategy was also used by various other manufacturers and distributors for the circulation of fake currency.
Three accused persons—Suriya, Charan Singh, and Kasthuri Ramesh Babu—are still absconding. The authorities have urged the public to come forward with any information regarding their whereabouts.
How to identify counterfeit currency
· Look for the watermark.
· Check the security thread which will be continuous when seen against the light.
· Check the printing quality.
· Check for micro-lettering.
· Check the feel of the paper.
· Check the serial number.
· Check for the cutting of the currency note border.
Counterfeit currency notes are highly circulated in the following areas:
Small grocery shops in villages, weekly vegetable markets, pan shops, wine shops, petrol pumps, rice mills, money transfer shops at internet centres, milk shops, events and college fests, scrap shops, push carts, and labour addas.
Counterfeit currency circulators choose gullible people.
The police have advised all petty vendors to double-check the currency notes before accepting them and avoid large denominations. If you find any counterfeit currency or have any suspicion of circulation of counterfeit currency immediately inform the police on Dial 100.

Next Story