Gang of 5 arrested for possessing old currency, Rs.99lakhs seized

     Written by : SMTV24x7 | Sat, Feb 03, 2018, 07:47 PM

Gang of 5 arrested for possessing old currency, Rs.99lakhs seized

Hyderabad, Feb 03: The Rachakonda police on Friday arrested a five-member gang and seized Rs 99 lakh in demonetized currency from them. The police said that the suspect gathered the banned currency by offering a 20 percent commission.

The suspects include a civil contractor. They were identified as B. Tirupathi, 35, Mohammed Rizwan-ul-Hussain, 36, Mohammed Kareem, 48, Mohammed Siddiq, 48 and Nazeer Ahmed Khan, 49, while one of the suspects is still at large.

Ch. Umamaheswara Sarma, DCP Malkajgiri, said that Kareem and his friends collected the banned currency to exchange them with new currency.