Fake note racket busted in Hyderabad, three held

Three migrant workers were arrested by the Jawaharnagar police on Thursday for exchanging fake currency notes.

Published: 08th December 2017 02:25 AM  |   Last Updated: 08th December 2017 10:16 AM   |  A+A-

By Express News Service

HYDERABAD:  Three migrant workers were arrested by the Jawaharnagar police on Thursday for exchanging fake currency notes. The gang which is being headed by a woman, hails from Jharkhand, has exchanged around Rs 1.5 lakh of Rs 2,000 denomination notes in Hyderabad in the recent times.  On Wednesday, a grocery store owner from Dammaiguda received a fake Rs 2,000 note from a customer.

He along with the locals caught the customer and handed him over to the police after beating him black and blue.  The Jawaharnagar police on thorough questioning found that the suspect Md Ekdhar Ali (35) of Tapatola village in Saheb Gunj district of Jharkhand, was part of a gang that is solely into FICN exchange in the city. Ekdhar revealed about his associates Shaik Majeed (22) and Rafeeq Alam (28)and were immediately nabbed. 

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