Counterfeit currency racket busted in Chittoor.

July 25, 2019 by adminficci News 0 comments

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.

http://www.newindianexpress.com/states/andhra-pradesh/2019/jul/25/counterfeit-currency-racket-busted-in-chittoor-2009179.html