Tirumala turns fake currency hub

The temple town and the surrounding areas in Chittoor district are fast becoming hubs of fake currency routed via Pakistan and Bangladesh. The police arrested seven youths, including the kingpin of a currency racket recently and during investigations, found that Rs 6 lakh worth fake notes were distributed in the local market.

The gang was also behind circulation of fake currency in Guntur a few months ago and Raliwaykodur in Kadapa district.

Another fake currency gang was busted in Tirumala six months ago and three members of the gang were arrested by the police.

They had circulated nearly Rs 1 lakh worth fake notes in Tirumala and surrounding areas.