Duplicate Currency Notes Racket Held In Hyderabad
Hyderabad, Dec 22 (Maxim News): The Rachakonda Special Operations Team along with the LB Nagar Police nabbed three member gang on charges of cheating people by diverting attention on pretext of exchanging duplicate currency notes (manoranjan bank notes) for original ones.
Officials seized original currency notes of 500 denomination, duplicate currency notes valued Rs. 60 lakh and other material.
The arrested persons are Mohd. Bahauddin alias Jaweed (53) a suspended forest official from Adilabad district, Jampani Anderson (37), a taxi driver from Nizamabad district and M.Kishan (27), a taxi driver from Nirmal district.
According to the police, Bahauddin, who was suspended from service in 2014, turned into a realtor and with the support of other suspects has been cheating people by diverting their attention. “The gang identifies gullible people, lure them saying they will provide fake currency notes at 1:3 ratio for original currency. Later, one among the gang members posing as a police officer raids the premise where the exchange is done and takes away the cash, said a senior police official.
On Thursday, the trio purchased duplicate currency notes from a shop in Begum Bazaar and trapped one innocent person. They were caught during a vehicle check at LB Nagar, Bahauddin was earlier involved in similar cases in Telangana and maharashtra. (Maxim News)
Next Story :
-
Car Overturned At Kusumanchi: Huge Cash Found In Two Bags
![Car Overturned At Kusumanchi: Huge Cash Found In Two Bags]()
Khammam/Hyderabad, May 12 (Maxim News): A lot of cash is seized during elections. A car overturned at Kesavapuram of Kusumanchi mandal in Khammam district. As a result, a huge amount of cash was found in the car. Locals found money in two bags in the car and informed the police.
-
Medak Police Seize Rs. 88.43 Lakhs In Car EN Route To Dubbak
![Medak Police Seize Rs. 88.43 Lakhs In Car EN Route To Dubbak]()
Medak/Hyderabad, May 12 (Maxim News): Medak Police have seized a huge amount of Rs. 88.43 lakhs from a car while it was being taken to Dubbak at Masaipet in the early hours of Sunday.
-
Medak: Man Loses Rs. 2 Crore In Betting, Killed By Father
![Medak: Man Loses Rs. 2 Crore In Betting, Killed By Father]()
Medak/Hyderabad, May 12 (Maxim News): A man killed his son reportedly after the latter lost Rs. 2 crore in betting, mostly on cricket matches, over the last couple of years.
-
TS EAPCET Results To Be Out On May 25
![TS EAPCET Results To Be Out On May 25]()
Hyderabad, May 12 (Maxim News): The Telangana State Engineering, Agriculture, and Pharmacy (TS EAPCET) 2024 results are expected to be declared on May 25. With the conclusion of the entrance test for the engineering stream on Saturday, the Jawaharlal Nehru Technological University Hyderabad (JNTU-H) will release candidates ‘ response sheets and master question paper, along with the preliminary…
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
