Fake currency seized; one held

Hyderabad: West Zone police claimed to have busted a fake currency racket operating in the city with the arrest of one person. The police seized counterfeit notes in denominations of Rs 500 and Rs 1,000 amounting to Rs 2.96 lakh and one cell phone from his possession. Acting on a tip-off, the sleuths apprehended the accused Hafeezur Rahaman Chowdary, 36, a native of West Bengal, near Yusufian Dargah in Habeeb Nagar on Tuesday.

“Rahaman, who was staying at Kishanbagh, was arrested last year by Task Force sleuths on similar charges. After released from jail, he shifted to Mumbai with his family. A couple of days ago, he went to his native place. He managed to get fake currency notes of Rs 3 lakh by paying one Kajirul Rs 1.5 lakh. He came back to Hyderabad on April 27 and exchanged some fake notes in various shops. Efforts are being made to nab Kajirul, who is still at large,” the police said. The accused was handed over to Habeeb Nagar police station for further investigation.