Vizianagaram: Counterfeit currency racket busted, six arrested
Two officials arrested for taking bribe
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.