HYDERABAD: Sleuths of LB Nagar police station of Rachakonda Commissionerate, on Thursday, arrested a nine-member gang, which was circulating fake currency in denominations of Rs 500, Rs 200 and Rs 100. Fake currency worth Rs 3.22 lakh and printing material were seized. Two more gang members are on the run, Rachakonda Commissioner Mahesh Bhagwat said.
Police had arrested one of the accused P V Seshaiah in a robbery case. He confessed to circulating fake currency. On this clue, police nabbed other members of the gang, including kingpin Ogireddy Venkata Krishna Reddy, who hails from East Godavari.