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Fake note racket busted in Suryapet

by laxman
October 1st, 2007

Fake noteThe Surya Pet Police busted amajor conterfeit currency racket here by arresting five persons belonging to Guntur and Nalgonda districts on Sunday.

Fake currency notes of Rs100 denomination worth Rs12 lakh, a printer and machines used for the purpose were recovered from their hideout. Superintendent of Police Vijay Kumar told reporters that a police team led by Circle Inspector M.Tirupatanna nabbed two persons at Manchikallu and Palvi of Rentachintala mandal in Guntur district on the basis of information provided by the three accused persons who had been detained during a vehicle checking exercise at Durajpally crossroads.

The gang reportedly circulated Rs.32,000 at Miryalaguda eight months ago before being caught by the police.he CI said that Keshaboina Sekar and Gummula Chandrasekhar had met in Gurajala sub-jail in 1999 and hatched the plan to make easy money printing and circulating the fake currency notes.

However, the gang they had formed to implement the grand plan was busted by the Devarakonda Police in 2002. Late last year, Keshaboina Narayana and Kasula Murali krishna again hatched a plan and roped in Yereddi Sreenivasa Reddy to implement their plan, the CI revealed. The SP announced a cash reward of Rs.10,000 for the police team.

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