Police bust fake currency racket in Andhra Pradesh’s Palnadu district


The police busted a fake currency racket and booked a case against Uddagiri Alekhya of Charlagudipadu village in Gurajala mandal in Palnadu district on Thursday.

The accused was charged with printing fake currency in the denominations ₹100, ₹200 and ₹500.

The police seized the fake notes, and the printers, computers and other equipment used in the illegal activity, Additional SP Bindu Madhav Garikapati told The Hindu.

“Fake currency notes with a face value of more than ₹10.7 lakh have been seized at a private house at the village. Two printers, one computer, and one note cutter have also been seized. We have also seized 29 bundles of ₹200 denomination, four bundles of ₹100 denomination, and nine bundles of ₹500 denomination,” Mr. Madhav said.

The accused was admitted to hospital for treatment as he jumped from the first floor of the building in a bid to avoid the police, Mr. Madhav said, and added that he could not be taken into custody as a result.

He said an FIR was filed against the accused, and investigation was on to know if anybody else was involved in the activity.


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