Fake Rupees 2,000 notes seized; one arrested

Fake Rupees 2,000 notes seized; one arrested
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Highlights

The city task force personnel arrested one person and seized counterfeit currency notes worth Rs 4.08 lakh (Rs 2,000 denomination) from him at the railway station here on Friday.

Visakhapatnam: The city task force personnel arrested one person and seized counterfeit currency notes worth Rs 4.08 lakh (Rs 2,000 denomination) from him at the railway station here on Friday.

Addressing a press conference, joint commissioner of police D Nagendra Kumar said the accused was identified as Mohammed Sayyed Ali, who was an old convict and habitual chain snatcher. Ali was involved in six cases of chain snatchings from 2003 to 2014, in and around Saidabad police station under Ranga Reddy district of Telangana.

He was also accused in abetment of a murder case in which a former Maoist Kondapuri Ramalu was killed under Chaitanyapuri police station under Cyberabad.

While under judicial remand in Chanchalguda jail, Ali met Khaimool of Malda district of West Bengal, who was serving a prison sentence for circulating counterfeit notes.

He acquired some knowledge in the circulation of counterfeit notes from him and decided to do business. After he was released on bail, Ali went to Kolkata and met Khaimool, who was also out on bail.

He collected an amount of Rs 4.08 lakh from Khaimool on 50:50 basis and arrived in the city on Friday, in a bid to push them in the market. On a tip off, the task force police nabbed him, the joint commissioner added.

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