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Fake currency racket busted, 5 held

Hyderabad: On Thursday, the Hyderabad Police arrested five people in connection with a counterfeit currency printing and circulating racket. They also recovered counterfeit currency worth Rs 16 lakhs and other incriminating material from them.

Anjani Kumar, Hyderabad City Police Commissioner, said during a press conference in Hyderabad, ‘On Thursday, the Commissioner’s Task Force along with the West Zone team apprehended five accused persons. The persons identified as Chukkapuram Santosh Kumar, Janaki Sai Kumar, Dharmaji Neeraj Kumar alias Pintu, Jaligam Raju and Sunkari Srinivas were arrested. With this, the police were able to bust a fake Indian currency printing and circulating racket which is believed to have been operating for the past two months from Siddipet Town. The arrested persons have been identified to be the residents of Siddipet and all below 30 years of age.’

The police seized 1,400 notes of 500 denomination worth Rs 7,00,000, 1,800 partially printed notes of 500 denomination worth Rs 9,00,000, and 50 partially printed notes of 200 denomination worth Rs 10,000. In addition to these, 1 scanner and printer, 1 laptop and other incriminating materials were also seized by the police.

The Hyderabad City Police Commissioner disclosed other details of the case, ‘One of the accused Chukkapuram Santosh Kumar is working as a photographer at Siddipet. He intended to open a big photo studio for which he was in need of huge money. He informed the same to accused Janaki Sai Kumar who is his friend (he previously worked as a photographer). At the same time, the accused Janaki Sai Kumar was also facing financial problems and also had many debts to pay off. As such both the accused persons hatched a plan for printing and circulating counterfeit Indian currency on a 1:3 ratio. As both the accused persons are working as photographers and having an idea about Photoshop. By using Photoshop, they planned to prepare counterfeit Indian currency.’

Janaki Sai Kumar and Chukkapuram Santosh Kumar explained the idea of printing and circulating counterfeit Indian currency to Sunkari Srinivas who is a friend of accused Janaki Sai Kumar and asked for his assistance in this process. In return, they agreed to give him a commission of 10%. Sunkari Srinivas, the accused, agreed to the same. They later told the other accused persons Dharmaji Neeraj Kumar alias Pintu and Jaligam Raju about the same and asked them for assistance in printing and distributing counterfeit Indian currency on a commission basis, for which they both agreed.

Chukkapuram Santosh Kumar and Janaki Sai Kumar procured one Dell laptop, one Cannon colour printer cum scanner and other incriminating materials from different places in Siddipet with the help of the remaining accused, police said. In addition, they rented a room at Raghavendra Colony, Siddipet for Rs 3,500, and stored all the items there for preparing and printing the counterfeit Indian currency.

According to the Hyderabad City Police Commissioner, ‘They started by making counterfeit currency of Rs 500 denomination. In the process of making counterfeit currency, they used to stick the original currency notes on the front side, and backside of a white paper. While sticking the notes, they used to stitch the green colour strips into the currency notes so as to give them an original look.’

‘After that, they used to scan the notes and take their printouts through scanner cum colour printer by using similar original currency colours. Later, they used to cut the notes similar to the original size currency and pack the currency notes as genuine currency bundles in the rented room. After bundling, the accused persons used to circulate the fake currency in different areas on a 1:3 ratio,’ added Mr Kumar.

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