Hyderabad: Two people have been apprehended for allegedly printing fake Indian currency notes and circulating them in Hyderabad. Fake money worth over ₹ 4 lakh was recovered from the duo, police said on Sunday.
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According to police inspector Anjaneyulu, the prime accused, Vanam Laxminarayana, with computer expertise, allegedly used a screen printer, green foil paper, JK Excel bond papers, cutters, and a lamination machine to pull off the crime. After being inspired by the ‘Farzi‘ web series, he decided to print fake notes and circulate them in the market.
His alleged accomplice, Erukala Pranay Kumar, was caught testing fake money at a fruit and vegetable market with ₹ 20,000 in fake currency.
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We have seized 810 fake currency notes in the ₹ 500 denomination that were intended to be circulated. Printers, Scanner and other things were also seized,” police said.
During the investigation, it was revealed that Laxminarayana, previously involved in a mortgage fraud, involved Kumar in the crime, promising a share of the profits.
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Both accused are now in the Hyderabad Police’s custody.
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