One held for cheating fake currency buyers

Hyderabad, January 31: The Central Zone team of Commissioner’s Task Force arrested one person on the charges of cheating innocent persons in the name of exchange of original currency with fake currency in the ratio of 1:3.

According to police, the accused Kondam Mahender along with one Tirupathy, used to cheat innocent people by by exchanging currency note bundles, containing white papers in the middle and original 100 rupee notes on the top and bottom, for original currency in the ratio of 1:3. About one-and-a-half month ago, the accused came to Secunderabad railway station and cheated one innocent person.

On a tip off, the city police arrested Mahender when he came to Hyderabad to cheat innocent persons by possessing 5 fake currency typed bundles. The accused along with the seized material are being handed over to the Chilkalguda Police Station for further action.

Efforts are on to arrest the main accused Tirupathy who is still absconding.