Fake Currency Racket Busted, 4 Held

The sleuths of Chikkadpally police station arrested a 4-member gang that indulged in exchanging fake currency to earn easy-money. The police seized fake currency of Rs. 1,60,000 from their possession. The accused belong to the Malda district in West Bengal and have been identified as Ruqumuddin Sheik (21), Feroz Shaik (20), Bhorjahan Sheik (20) and Shariful Sheik (19).

The accused gang had come to Hyderabad in search of labour jobs. Here, they met a friend, Bullu, who initiated them into the fake currency racket. The offenders had struck a deal with Bullu that they would exchange the fake currency in the local market, and would share half the profit earned with him.

The crime staff of Chikkadpally Division apprehended the 4-member gang on receipt of credible information.

Fake currency notes in the denominations of Rs. 1000 (23), and original currency notes in the denominations of Rs. 500 and Rs. 100 were also siezed from their possesion.

The crime staff of Chikkadpally police station led by Deputy Inspector S Prathap, Sub-Inspector M Rajesh, Assistant Sub-Inspector Hassan Shareef and others caught hold of the accused near Chandana Brothers, Chikkadpaly, Hyderabad. The offenders were arrested under Cr.No. 101/2011 u/s 489 (B) & (C) IPC, and were taken into custody.

Courtesy: INN