Categories: News/City Updates

Visakhapatnam Police bust 2,000 rupee notes exchange gang, 60 lakhs recovered

The Visakhapatnam City Police busted a fraudulent gang which had duped a realtor in the name of 2000 rupee notes exchange. Addressing the media, Vidya Sagar Naidu, DCP-1, revealed the information regarding this illicit activity

which came to light on a complaint by the victim, Kishore. The police identified the accused as Ahmad Moihuddin, Podilapu Dharma Rao, and Dala Sunil and arrested them on Wednesday, 7 June 2023.

According to the complainant’s statement to the Visakhapatnam Police, Dharma Rao and Ahmad offered his accomplices and realtors, Appala Reddy and Ramaro, a 10% commission on 2000 rupee notes exchange. On 3 June, Dharma Rao and Sunil, with reference from Reddy and Ramarao, collected an amount of Rs 60 lakhs from Kishore in a fake real estate deal. Later, the culprits escaped with the cash.

Upon learning that he had been duped, the victim approached the police and raised a complaint. Based on his statement, the officials initiated an investigation and nabbed the three accused, Dharma Rao, Ahmad, and Sunil. Further, they seized 500 rupee notes worth Rs 60 lakh from the three. Visakhapatnam DCP Vidya Sagar stated that a further investigation is underway to catch hold of the others linked to this 2000 rupee notes exchange gang.

Stay tuned to Yo! Vizag website and Instagram for more city news updates.

Share
Leave a Comment

Recent Posts

2nd Infosys campus to new data units: Lokesh shares 5 key IT developments in Visakhapatnam

Andhra Pradesh's IT and HRD Minister, Nara Lokesh, has revealed a series of exciting IT…

33 mins ago

Badamgir Sai passes away

Noted stage artiste and founder of Rangasai Nataka Sangam and Rangasai Nataka Grandhalayam, AVVS Murthy,…

2 hours ago

What Are The New Releases on OTT Today? Here’s What to Add to Your Watchlist

A slew of fresh and exciting OTT releases are dropping today, promising a binge-worthy lineup…

17 hours ago

Hot & Hearty: The best soups in Visakhapatnam that complements this weather!

With the weather taking a turn these past couple of days, it’s like Visakhapatnam has…

18 hours ago

Plan a trip from Vizag to these 5 skiing destinations in India this winter

Dreaming of swishing down powdery white slopes with crisp mountain air in your lungs? While…

18 hours ago

Bigg Boss 8 Telugu: Voting polls drastically change, THIS celeb is in danger!

Based on the unofficial voting polls, two contestants are leading— Yashmi and Prerana. In many…

20 hours ago