Forgery bust: Rs 15L fake currency seized from Andhra man in Hyderabad; accused remanded in custody
HYDERABAD: The Cyberabad police arrested a man in possession of forged currency amounting to ₹15 lakh in Nizampet on Saturday.
Police said that the accused has been identified as Prathipati Prem Chandu, a resident of Andhra Pradesh.
According to K Suresh Kumar, the deputy commissioner of police for the Balanagar zone, Prem Chandu had been contacted by Rakesh, a resident of Pune, who had persuaded him to sell forged currency in exchange for easy money and a commission. "Acting on Rakesh's instructions, the accused agreed to deliver the notes in Hyderabad," said the police.
Based on a tip-off, the police apprehended the accused on Saturday in Nizampet. "We found him carrying forged currency notes worth Rs 15 lakh, all in denominations of ₹500," officials said.
Cops recovered counterfeit notes, along with a phone, and the accused has been remanded in custody.
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