Andhra Pradesh: Krishna police bust fake currency racket

VIJAYAWADA: Krishna police busted a fake currency racket in Pedaparupudi. Police arrested four persons and seized Rs 29,500 fake 500 notes from them.

The accused were identified as Karra Lazar (29), Jyothula Madhu Babu (34), Palepu Srinivasa Rao (42) and Paleti Krishna Babu (60).

According to police, Madhu Babu, who hails from Bapatla, was staying in Gudivada and came into contact with Karra Lazar from Bethavolu. They were addicted to alcohol. They contacted Srinivasa Rao and Krishna Babu of Bapatla and told them to bring fake currency to Pedaparupudi for exchange.