Vizianagaram: Counterfeit currency racket busted, six arrested
Vizianagaram: Police on Tuesday busted a counterfeit currency racket and arrested six persons here. According to Superintendent of Police B Rajakumari, a former employee in Indian Navy and his close friends had generated fake currency notes on photocopying machines in Vizianagaram city. The gang had learnt printing fake currency notes from YouTube video.
The police, the SP said, had seized counterfeit currency notes with a face value of Rs 31 lakh and genuine currency notes worth of Rs 1.6 lakh from the arrested. K Ramu of Akkivaram village under Denkada mandal retired from Navy and formed a group of persons for printing counterfeit currency. The gang, in fact, had printed fake notes and even offered some of them to their friends and relatives. The gang’ bid to purchase sheep at a weekly market at Savaravilli village under Bhogapuram manda by using fake currency to pay proved to be its nemesis, the police said.
Related Posts
Counterfeit goods easily available, but not always easy to spot
As the world has grown smaller, more and more foreign-made goods are hitting our...
You’ll never guess what’s in these fake cosmetics!
Human urine, cyanide and rats' droppings are just a handful of poisonous...
Lorry driver caught smuggling cigarettes jailed
A lorry driver caught smuggling eight million cigarettes into the UK has been...
Nigeria Loses About N15bn Annually To Counterfeit Products – SON
An estimated N15 billion is lost annually to fake or counterfeit products in...