Cops nab three members of fake currency racket

Hyderabad: Three persons, who were part of a

fake currency

circulation racket, were busted by Rachakonda police on Monday at Sangareddy.

The police seized Rs 10 lakh of fake currency notes of Rs 500 denomination from them.

In a press note, Rachakonda police said that K Nagendar Prasad, B Gautham, T Naresh were arrested. Apart fom the fake currency, the police seized a scanner-cum-printer, scissors and mobile phones. Nagender is the kingpin who hatched the plan in preparing fake currency notes.

The currency was meant to be circulated in the open market, especially during the night. Members of the same gang had been arrested by Hyderabad police in the past. TNN