
Counterfeit currency racket busted in Chittoor.
TIRUPATI: Chittoor police busted a counterfeit currency racket on Wednesday. After getting reliable information, the Special Investigation Team (SIT) led by Kuppam (Rural) CI MR Krishna Mohan and Ramakuppam SI G Prasada Rao, visited Vijalapuram village and picked up K Manigandan and K Kubendran at a shop. The team seized counterfeit currency worth Rs 98,000 from the duo.
During interrogation, the team learnt that another four people were involved in the racket. The police conducted a raid on the house of Anant Kumar at Samaguttapalli village in Kuppam mandal and found that he along with M Suresh Kumar, B Hemanth and Devireddy Suresh Reddy, was printing fake currency.
The police took them into custody and seized fake currency worth Rs 2,76,22,000, two laptops, three computers, two printers and printing machinery. A huge number of demonetised currency notes of Rs 1,000 denomination were also seized from them.
The accused Manigandan (28), Kubendran (50), and Suresh Kumar (23) hail from Tamil Nadu, while Suresh Reddy (31), B Hemanth (26) and Anant Kumar (33) belong to Chittoor. All the arrested were remanded.
Related Posts
Smuggled cigarettes a serious health hazard
Vietnamese consumers must become more aware of the health dangers of illicit...
Tax dodging shopkeeper fails in bid to get free from jail
Dewsbury shopkeeper who was jailed after he dodged £80,000 tax by selling fake...
RM2.4 bil revenue lost due to cigarette, liquor smuggling
The country loses about RM1.9 billion in revenue annually as a result of...
Fake medicine hits retail investors hard
Individual investors took a severe beating from the fake herbal medicine produced...



