Sign in

Police bust currency exchange racket, seizes Rs 19.7 lakh in Telangana

The police on Friday busted a Nalgonda-based currency exchange racket and seized Rs 19.7 lakh in Telangana

Published on: Dec 24, 2016, 12:12:17 IST
Rangareddy | By
Share
Share via
  • facebook
  • twitter
  • linkedin
  • whatsapp
Copy link
  • copy link

The police on Friday busted a Nalgonda-based currency exchange racket and seized Rs 19.7 lakh in Telangana.

The police on Friday busted a Nalgonda-based currency exchange racket and seized Rs. 19.7 lakh in Telangana. (Representational Photo)
The police on Friday busted a Nalgonda-based currency exchange racket and seized Rs. 19.7 lakh in Telangana. (Representational Photo)

Three people were arrested including a realtor, a student and marketing executive in this regard.

The seized property and the suspects were handed over to the Income Tax (IT) officials for further investigation.

Raids are being carried out across the country by the Income Tax Department and police officials in the wake of the burgeoning fake currency racket post demonetisation.

Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.