Fake Currency Gang Busted in Bhimavaram after police exposed a major fraud involving dummy currency bundles worth crores. In a swift and planned operation, three accused were arrested while attempting to cheat a local resident, highlighting the growing threat of financial scams targeting innocent people.
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According to police officials, the operation was conducted under the supervision of District SP Adinarayana Lakshmi and DSP Raghuveer Vishnu. A special team from Bhimavaram One Town Police Station led by CI Nagaraju and SI Kiran Kumar acted on credible intelligence regarding a gang trying to lure victims with fake currency deals near the AMC Market Yard guest house.
The accused—Kovvuri Gopichandra Reddy, Vemula Mohan Sai, and Barre Sudheer—were caught red-handed while attempting to cheat a local resident of ₹3 lakh by promising “three times returns” using fake currency bundles.
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Fake Currency Gang Busted – ₹2 Crore Dummy Notes Seized
In the raid, police seized fake currency bundles with a face value of ₹2 crore, along with 18 bundles of dummy notes, two boxes, fake number plates, and a car used for the crime. Officials confirmed that the seized notes carried the label “Children Bank,” clearly indicating that they were counterfeit and meant for fraudulent use.
The Fake Currency Gang Busted case has shocked locals, as the gang used convincing tactics to trap victims into believing the notes were genuine. Their strategy involved showcasing bundles that appeared real and promising huge financial returns, a common trick used in organized fraud cases.
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Police Warn Public Against Fraud
Following the Fake Currency Gang Busted operation, police registered a case and produced the accused before the court, which remanded them to 15 days of judicial custody. Authorities are now investigating further to identify additional members involved in the racket.
Police have also issued a strong public advisory, urging citizens to stay alert and not fall prey to schemes offering unusually high returns. They emphasized that fraudsters often use fake currency or investment scams to target unsuspecting individuals.
Officials requested the public to immediately report any suspicious activities to the nearest police station to prevent such crimes. The Fake Currency Gang Busted incident serves as a reminder to remain cautious and verify before trusting any financial offers.
