Fake currency racket busted, five held

Warangal, Andhra Pradesh, Mar 6 (UNI) District police today busted a fake currency racket by arresting five of its members and recovering fake currency worth Rs 3.5 lakh along with a scanner and printer.

Speaking to media here, District Superintendent of Police Soumya Mishra said the fake currency was seized just before its circulation in the market.

She said V Iylaiah, a native of Gorikothapalli village of Regonda mandal, while serving a sentence in Warangal Central Prison on charges of 'ganja' smuggling, came into contact with one Potti Raju imprisoned in a fake currency case and learnt the art.

As per the advice of Raju, main accused Iylaiah purchased a printer and produced the fake currency in the denominations of Rs 100, Rs 500 and Rs 1000.

UNI