Police here on Monday busted a inter-state fake currency racket while arresting four persons from different places in the town here. The arrested were identified as Nalla Sampath of Venkatapuram in Telangana’s Warangal district, Singarupu Bangaraya of Bodarapuwalsa in Andhra Pradesh’s Vizianagaram area, TP Murali Raju of Pukali village under Koraput district’s Pottangi police station and Kaka Dipak of Rudaram village in Chhattisgarh’s Bijapur district.
The police first arrested Nalla and Singarupt from the bus stand and seized fake notes of Rs 20,500 in the denominations of Rs 1,000 and Rs 500 from them. They were caught when they were trying to exchange those notes in the market. During interrogation, the two named TP Murali and Kaka as their associates. While TP Murali along with his associated was manufacturing fake notes in his house, Kaka was another disposer. Police too seized fake notes of Rs 8,000 and a printer from them.
“We suspect many others from Odisha and outside also involved in the racket. Steps are being taken to nab them,” said Rayagada SP K Siva Subramani at a news conference here. He said the miscreants used fake notes mostly for buying cattle, cotton and paddy.