The two accuse procured all materials and printed Indian fake currency and kept it in the market for circulation
In a joint operation conducted by Commissioner’s Task Force, South Zone Team, and Chandrayangutta police, two persons, including a woman, have been arrested for involvement in the printing and circulation of fake Indian currency notes in Telangana and other states and seized counterfeit money with a face value of Rs.27 lakh.
Deputy Commissioner of Police, Crime P Shabarish told media persons that based on credible information, the Commissioner’s Task Force, South Zone Team, Hyderabad, and Chandrayangutta police apprehended the accused persons and seized fake Indian currency notes and other materials.
Hassan Bin Hamood, an autorickshaw driver and resident of Falaknuma, Hyderabad, and Rameshwari, a resident of Kosgi in Narayanpet district have been arrested. The Main accused Kasturi Ramesh Babu of Narayanpet district is absconding.
According to police, Ramesh Babu, 35, working as a car mechanic, faced financial problems due to the lockdown and hatched a plan to earn easy money illegally. Gaining knowledge in printing and circulating fake Indian currency, he procured all materials and printed Indian fake currency and kept it in the market for circulation. He was arrested by Gopalapuram Police Station in September 2022 and was sent to jail.
While he was in jail, Ramesh Babu met Hamood who was in jail in a murder case and they became close friends. They hatched a plan to circulate fake currency on a commission basis. After release from jail, Ramesh Babu and his family shifted to Tandur. Later, he procured raw materials for further preparation of fake currency notes along with his sister Rameshwari.
The police officer said Ramesh Babu started printing fake currency denominations of Rs.500 notes and circulated the same in Gujarat. Last month, he was arrested by Gujarat Police in a fake Indian currency circulation case and sent to judicial custody. Later, Rameshwari contacted Hamood and shifted all the materials including FICN to Chandrayangutta, Hyderabad for further circulation.
[With Inputs from IANS]
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Is the Indian currency so easy to print that an auto-driver and a car mechanic can print as much as 27.5 lakhs worth of 500Rs. notes? Bit of a stretch!!!
Good catch…by alert police….& intelligence