Fake currency racket busted in Hyderabad

Hyderabad, Jan 8: A fake currency racket was busted in Hyderabad on Saturday by the National Investigation Agency after a raid was conducted in that place.

Sources revealed that the miscreants were operating a nation-wide network and smuggled large sums of notes from Bangladesh via air routes and then they circulated the notes into Indian villages across the border.

According to CNN-IBN's report, Hyderabad was main transit point for the consignments of fake currency notes.

Investigations discovered that the smuggling agents went from Calicut to Colombo to collect the consignment and they returned back to India.

Home Ministry claimed that smugglers used to prefer air routes to transfer the currency.

OneIndia News