Hyderabad: Man arrested for trying to deposit Rs. 9.9 lakh of fake currency

The Hyderabad Police on Tuesday arrested a man who was trying to deposit Rs. 9.9 lakh in fake currency notes in the denominations of Rs. 2,000 and Rs. 500 in a bank in Malkajgiri area.

According to reports, the fake currency notes bearing the name 'Children's Bank of India' was of the person named Yousuf Shaik from Moula-Ali area, who was caught by the Bank staff.

However, this is not the first report that has come to light.

Earlier, an individual was sent behind the bars over fake currency crime.