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Fake Indian Currency Racket Busted

Posted by on February 12, 2011 0 Comment

Hyderabad, Feb.12 (NSS): The Commissioner’s Task Force succeeded in busting an organized International racket of smuggling sophisticated fake Indian currency from Pakistan via Bangladesh-West Bengal border. Three persons were held and Rs.6.5 Lakhs fake currency notes were seized, in the denomination of Rs.500 and Rs.1, 000, one santro car and two cell phones from their possession.

The details of the accused are: Akula Narendra Kumar Reddy, son of A. Narsi Reddy, resident of Ramanthapur, RR Dist, Syed Hussain @ Syed, S/o Ibrahim, mechanic (stone polish machines), resident of Kondapeta, Kurnool Dist. and Maqbool Hussain, S/o Nazeer Hussain, resident of Sanjamala of Kurnool Dist.

The accused Narendra Kumar Reddy is native of Banaganapally, Kurnool Dist, was involved in a murder case and sent to jail by Banaganapally Police. After release from jail he purchased a lorry and gave it on hire to transport iron ore sand from Chitradurg (Raichur Dist) to Goa. For this purpose, he used to visit Chitradurg very frequently, where he got introduced to one Jaya Laxmi , who was doing fake currency business.

He was impressed by the sophistication of fake Indian currency printed in Pakistan and got lured into circulation of fake currency as he was convinced that the fake Indian currency can be easily circulated without getting detected. In January, 2007 he went to Chitradurg and took Rs.1.50 lakhs of fake currency and while he was circulating the same, Nandyala police arrested him.

In January, 2010, Narendra Kumar Reddy was introduced to one D. Santha Kumar @ Palakollu Kumar, native of Palakollu of West Godavari Dist., who is an agent working on commission basis with Shafir Hussain and Amir Hussain N/o Nandlalpur(village), Malda(Dist.), West Bengal. The duo has been procuring Fake currency from one Kabeer Husssain of Mohabatpur of Bangaldesh at the ratio of 1:3, by illegally crossing the borders.

Narendra Kumar Reddy and his associates joined hands with Palakollu Kumar and procured Rs.65 lakhs Fake Indian Currency Notes in the denomination of Rs.500/- and Rs.1000/- from April, 2010 to August, 2010 and successfully circulated the same in Andhra Pradesh at various places.

In the second week of September, 2010 Siddavatam Police of Kadapa Dist nabbed Seelam Jagadish and Madhava Reddy, the two associates while trying to circulate the Fake Currency, whereas Narendra Kumar Reddy managed to escape. Since then he has shifted his base to Ramanthapur area and circulated Rs.50,000/- Fake Currency in the area.

C.P’s Task Force West Zone Team worked out the available leads and apprehended the three accused persons, while they were trying to circulate Fake Currency, near Sarojini Devi Eye Hospital, Mehdipatnam and recovered Rs.6.5 lakhs Fake Currency and one Santro Car from their possession.

The accused Narendra Kumar Reddy is a wanted accused in 2 Fake currency cases of Siddavatam PS of Kadapa Dist and Banaganapally PS of Kurnool Dist.

The arrested accused persons are being handed over to S.H.O, Humayun Nagar P.S. Efforts are going on to apprehend the other accused persons.

The arrests were made under the supervision of Mr V.B.Kamlasan Reddy, Dy.Commissioner of Police, Commissioners Task Force, Mr J.Narsaiah, Inspector of Police, West Zone Task Force with the assistance of staff of West Zone Task Force team, Commissioners Task Force.(NSS)

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