The Dwaraka Tirumala police on Saturday (June 7) arrested a three-member counterfeit forex notice gang and a receiver. The police additionally recovered ₹65 lakh in pretend forex notes and a automotive utilized by the gang.

The arrested have been recognized as Ok. Ravi Teja, Sk. Nagur Meeravali and V. Rajesh, natives of Eluru district, and a resort proprietor, Ok. Subramanyam of Dwaraka Tirumala, stated Superintendent of Police Ok. Pratap Shiva Kishore.

On a tip-off, the group led by Eluru Deputy Superintendent of Police (DSP) D. Sravan Kumar and Bhimadole Circle Inspector U.J. Wilson intercepted the gang whereas they had been attempting to trade the pretend forex notes with authentic money.

The accused promised to offer Subramanyam ₹15 lakh in pretend forex notes for ₹2.5 lakh in authentic forex notes. The police arrested the gang and the receiver, the police stated.

The gang additionally dedicated a theft at Jangareddygudem and escaped with jewelry. The police recovered gold and silver ornaments from the accused, the DSP stated. Additional investigations are underway.