Date:26/08/2007 URL: http://www.thehindu.com/2007/08/26/stories/2007082653980600.htm

Andhra Pradesh

International fake currency racket busted

Staff Reporter

HYDERABAD: In one of the biggest catches of recent times, the police arrested four persons including a Dubai national and seized counterfeit currency valued at Rs. 2.36 crore on Saturday.

Acting on an intelligence tip-off, the police raided a house in Salal Barkas of old city, took into custody the quartet and seized the fake currency bundles. Commissioner of Police Balwinder Singh confirmed that an organised gang with possible help from abroad, could be behind the circulation of the counterfeit currency.