Police, bank officials involved in fake currency racket, claims SP

Published: 29th July 2013 09:50 AM  |   Last Updated: 29th July 2013 09:50 AM   |  A+A-

Superintendent of police S Syam Sunder on Sunday made a statement that some politicians, police and bank officials in the district were involved in the circulation of fake currency notes.

The SP, who made a visit to Puttaparthi rural police station on Sunday, spent the entire day at the station itself and reviewed the status of various cases.

In view of the increasing menace of fake currency rackets in the district, the SP reportedly kept a special focus over the issue and reviewed the cases in which the police recovered fake currency notes and arrested those involved in it.

Reviewing one such case which was cracked by the Puttaparthi rural police, the SP found that the police had arrested a five-member gang of dacoits and recovered `2.5 lakh in cash from them some time back.

The gang members including Khaleel, Venkataramana, Saleem, Ramesh and Basha from Dharmavaram town were accused of robbing a person S Ramachandra from Yelahanka area of Karnataka couple of days ago. The miscreants robbed him in Gandlamademma forest area in between Puttaparthi and Guruntla.

The police arrested all the five accused and recovered the Rs 2.5 lakh from them on July 26.During enquiry, the SP was said to have found many fake notes from among the recovered money and initially came to an understanding about the involvement of public representatives, police and bank officials in the district.

The menace of fake notes has been a major problem in the towns of Dharmavaram, Puttapathi, Hindupur, Madakasira of late. There are complaints that the fake notes are being loaded into ATMs.

After concluding an enquiry by Sunday evening, the SP told the media that some public representatives, bank and police officials were involved in the fake note racket. However, the SP did not reveal any name. Emphasising on the need of taking up a detailed inquiry into the case, SP S Syam Sunder appointed the district additional SP Navdeep Singh as investigation officer.

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