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Home Crime News

Hyderabad Police busted a gang involved in printing and circulating counterfeit currency notes

Admin by Admin
August 19, 2021
in Crime News, Latest News, SOUTHERN STATES, TELANGANA POLICE NEWS
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Hyderabad: On 19-08-2021 the sleuths of Commissioner’s Task Force, West Zone team apprehended 5 accused persons by name Chukkapuram Santosh Kumar, Janaki Sai Kumar, Dharmaji Neeraj Kumar alias Pintu, Jaligam Raju & Sunkari Srinivas and busted a fake Indian currency printing and circulating racket which is believed to have been operating for the past two months from Siddipet Town. The Police Seized Fake notes within 500 denomination – 1400 notes (worth Rs.7,00,000/-), Partial fake 500 denomination notes-1800 notes (worth Rs. 9,00,000/-), Partial fake 200 denomination notes-50 notes (worth Rs.10,000/-), Scanner cum Printer-1 Cannon, Laptop-1 Dell and other incriminating material from their possession.

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

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The accused Janaki Sai Kumar and Chukkapuram Santosh Kumar explained the same matter to accused Sunkari Srinivas who is a friend of accused Janaki Sai Kumar and asked his help in this process. For which they agreed to give 10% amount as commission to him. The accused Sunkari Srinivas was agreed to the same. Later the accused persons Chukkapuram Santosh Kumar and Janaki Sai Kumar informed the same to accused persons Dharmaji Neeraj Kumar @ Pintu and Jaligam Raju and asked them to assist in printing and circulating counterfeit Indian currency on a commission basis. For which they both agreed.

The accused persons Chukkapuram Santosh Kumar and Janaki Sai Kumar procured one Dell Laptop, one Cannon Colour printer cum scanner (purchased at Cyber Net shop, Siddipet for Rs.3,000/- by accused Santosh Kumar) and other incriminating material from different places in Siddipet with the help of remaining accused persons. They also took one rented room at premises No.4-113/A, Raghavendra Colony, Siddipet for Rs.3,500/ and kept all the items in the said room for preparing and printing the counterfeit Indian currency. They have started making counterfeit currency of Rs.500 rupee denomination of Indian currency, while the process of making currency they stick the original currency notes front side, backside on the white paper while sticking the notes they used to stitch the green color strips into the currency notes to looking like as original currency notes, scan the notes and print out through scanner cum color printer by using similar original currency colors, later they cut the notes similar to original size currency and pack the currency notes as genuine currency bundles in a rented room. After bundling, the accused persons circulate the fake currency in different areas on a 1:3 ratio and gaining illegal money.

On 19-08-2021 all the accused persons came near Yousufguda Check Post, Hyderabad by carrying the fake notes within 500 denomination 1400 notes, worth 7 lakhs, partial fake 500 denomination notes 1800 notes, worth 9,00,000/-, Partial fake 200 denomination notes 50 notes, worth 10,000/-, to sell the same to needy customers on 1:3 ratio amount, in the meantime on credible information the West Zone Task Force team apprehended all the above-accused persons and seized the counterfeit Indian currency and above said incriminating material from information the West Zone Task Force team apprehended all the above-accused persons and seized the counterfeit Indian currency and above said incriminating material from their possession.

The accused persons along with the seized material were being handed over to SHO, Jubilee Hills Police Station, Hyderabad for further investigation.

The arrests were made under the supervision of Mr. P.Radha Kishan Rao, Dy. Commissioner of Police (OSD), Commissioner’s Task Force by Mr. P.Rajesh, Inspector of Police, West Zone Task Force Team with the assistance of Sl’s Mr. P. Mallikarjun, Mr. N.Ranjith Kumar, Mr. Md. Mujaffar Ali, Mr. Sheik Kaviuddin, and staff of West Zone team, Commissioner’s Task Force, Hyderabad City.

Our Citizen Reporter

B. Bharath Reddy
Telangana

Tags: Hyderabad

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