Fake money racket unearthed

• Three of family among six accused
• Large scale fake notes under circulation

Nizamabad: The police arrested six persons including the three members of a single family on the charges of circulating fake notes at Navipet in the district on Tuesday. They had seized fake notes worth Rs. 65,000 and 28 tolas of gold and two pairs of silver ankle chains from the accused.

The racket came to light on June 21, when two women went to a jewellery shop and purchased two gold chains and two pairs of ankle chains by paying Rs. 57,000 in cash. When the jeweler Nampalli Navin Kumar went to the Bank to deposit the amount in his account, it was noticed that the 57 notes in Rs 1,000 denomination were fake. He lodged a complaint with the police.

Basing on the CCTV clippings the police found during the investigation that the accused persons were bringing fake notes from Kolkata from West Bengal and circulating them in the district. Vadath Mangya Naik, Vadith Kishan and Rama Goud of Medak district, Duvva Mahesh, Duvva Gangadhar and Duvva Ramadevi and Kisara Satyanarayana Goud, Akula Pravin Kumar Goud, Malavath Mohan of Nizamabad district formed a gang for circulating the fake notes. Duvva Gangadhar, his wife Ramadevi and his son Mahesh are members of the gang.

The police found that Mahesh was bringing fake notes from Mavuda in West Bengal at the rate of Rs 50,000 for Rs. one lakh worth fake notes. The police took Mahesh into custody and he spilled the beans.

Nizamabad Rural CI Damodar Reddy said that Mangya Naik, Vadith Kishan are still at large.