Two people have been apprehended for allegedly printing fake Indian currency notes and circulating them in Hyderabad. Fake money worth over Rs 4 lakh was recovered from the duo, police said on Sunday.
According to police inspector Anjaneyulu, the prime accused, Vanam Laxminarayana, with computer expertise, allegedly used a screen printer, green foil paper, JK Excel bond papers, cutters, and a lamination machine to pull off the crime. After being inspired by 'Farzi' web series, he decided to print fake notes and circulate them in the market.
His alleged accomplice, Erukala Pranay Kumar, was caught testing fake money at a fruit and vegetable market with Rs 20,000 in fake currency.
"We have seized 810 fake currency notes in the Rs 500 denomination that were intended to be circulated. Printers, Scanner and other things were also seized," police said.
During the investigation, it was revealed that Laxminarayana, previously involved in a mortgage fraud, involved Kumar in the crime, promising a share of the profits.
Both accused are now in the Hyderabad Police's custody.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
"Have Come To Celebrate Your Achievements": PM To Indians In Kuwait
Fake Currency Racket Busted, 3 Arrested In Assam Web Series 'Farzi'-Inspired Fake Currency Racket Busted In Noida: Cops Fake Currency Racket Busted In Assam, Four Arrested Devendra Fadnavis Keeps Home, Eknath Shinde Gets 3 Maharashtra Ministries Parents On Mumbai Ferry Wanted To Toss Children In Sea. Rescuers Stopped Them Man Accidentally Drops iPhone In Temple Box. Why He Won't Get It Back First Grief, Then A Political Tone Over Germany's Christmas Market Attack Allu Arjun Attended Movie Screening Despite Cops Saying No: Revanth Reddy Trump Picks Mark Burnett, 'Apprentice' Producer, As Special Envoy To UK Track Latest News Live on NDTV.com and get news updates from India and around the world.