4 held with fake currency of Rs 34.86 lakh face value in Rs 2k

Cyberabad police today seized counterfeit notes in denomination of Rs 2000 with the face value of Rs 34.86 lakh and arrested four persons including two students in connection with their manufacture and circulation.
Rajendranagar police arrested Vijay Sharma and M Ali Khan who are businessmen, and Wajeehuddin Khan and Abdul Samad, both college students.
According to a senior police officer, Sharma and Ali conspired to make fake currency notes of Rs 2000 to get rid of debts which they had borrowed from various persons.
"They purchased a colour printer cum scanner and a photocopy machine and started making fake currency," said DCP (Shamshabad Zone) P V Padmaja Reddy.

Sharma and Ali had planned to circulate the fake currency through students only thinking that nobody will suspect them.
"However, both the students were caught by an alert canteen incharge at their college when they purchased food items and gave fake note of Rs 2000. The canteen incharge at their college in turn informed the police," the DCP added. Further probe is on.