In a major crackdown on financial fraud, the Dwaraka Tirumala police on June 7 arrested a three-member gang involved in circulating counterfeit currency, along with a hotelier who was reportedly a receiver.
According to Superintendent of Police K. Pratap Shiva Kishore, the arrested individuals are:
K. Ravi Teja
Sk. Nagur Meeravali
V. Rajesh – all natives of Eluru district
K. Subramanyam – a hotel owner from Dwaraka Tirumala
The police seized Rs65 lakh in fake currency notes and a car used by the gang for transportation and distribution. The arrests followed a well-planned operation after authorities received intelligence about the circulation of counterfeit notes in the region.
Authorities are now conducting a deeper investigation to trace the origin of the forged notes and uncover any larger networks linked to the scam.
