Hyderabad: Two persons were today arrested in neighbouring Ranga Reddy district of Telangana and fake currency notes with face value of Rs 2.65 lakh was seized from them.
Acting on a tip-off, that an international racket is trying to circulate counterfeit notes in Ranga Reddy district, a police team stopped a motorbike yesterday at Burugupally Cross Road and recovered two bags containing currency notes, Superintendent of Police Rema Rajeshwari R said.
On checking, it was found that the currency notes in the denomination of Rs 500 and Rs 1,000 were fake. The two persons riding the motorbike, identified as, M Prakash and M Ravinder, were arrested after questioning, the SP said.
During interrogation, the duo who are residents of Ranga Reddy district, confessed that they met a person at Malda Railway Station in West Bengal last week, who allegedly belonged to a cross-border Fake Indian Currency Note (FICN) racket, Rajeshwari said.
They received the fake currency notes after giving Rs 90,000 in original currency notes, the SP said adding a case has been registered against the duo under relevant sections of IPC and investigation is on.