Two nabbed with fake currency

Summary: The police of Medak have nabbed two persons involved in fake currency case.
The latter were on their way to attend a jatara where they intended to exchange the fake currency notes.
Chandana said that Kishan, brother of Dharma Naik was involved in fake currency dealings and was charged with four police cases in Hyderabad.
Police arrested both Dharma Naik and Shamshoddin on Monday when they are on their way to Maharashtra to exchange fake currency in the jatara.
This is the second incident in the district and police have tightened their vigil on places and persons suspected to be linked with fake currency dealings.

The police of Medak have nabbed two persons involved in fake currency case. The latter were on their way to attend a jatara where they intended to exchange the fake currency notes. This is the second incident in the district and police have tightened their vigil on places and persons suspected to be linked with fake currency dealings.

According to Chandana Deepti, Superintendent of Police, Medak, Dharma Naik of Dosapally Tanda in Regod mandal, went to Malda in West Bengal on September 16 and exchanged original notes worth ? 50,000 to double the amount of fake currency.

He took the loan amount of ?55,000 sanctioned for Self-help groups , As Reported By Hindu.

According to the Newspaper,He was assisted by Shamshoddin Mirja of Nizamabad town.

Police informed that the accused have collected 100-rupee fake currency bundles nine in number, each containing 100 notes and arrived at Hyderabad on September 21.

Both of them left to their respective places.

Police arrested both Dharma Naik and Shamshoddin on Monday when they are on their way to Maharashtra to exchange fake currency in the jatara.

Chandana said that Kishan, brother of Dharma Naik was involved in fake currency dealings and was charged with four police cases in Hyderabad.

Additional SP E. Ramachandra Reddy was also present.. .

Source: http://www.thehindu.com/news/cities/Hyderabad/two-nabbed-with-fake-currency/article19753986.ece

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