Fake Currency Seized During Hotel Search

A suspected fake currency racket was busted in Visakhapatnam, with four people taken into custody, according to reports. The seizure took place during police checks at hotels and lodges in the city.

Police reportedly searched a room at V-Star Hotel near Jagadamba Junction, within the limits of Maharani Peta police station. During the search, officers allegedly found bundles of counterfeit ₹500 notes.

Reported Seizure of ₹66 Lakh in Counterfeit Notes

According to local media reports, police seized approximately 200 bundles of counterfeit notes with a stated face value of around ₹66 lakh. A dummy firearm was also reportedly recovered.

The four individuals identified in reports are Kondababu, Sai, Durgaprasad and Dinesh. Their alleged roles in the racket are under investigation, and the allegations have not been established in court.

Police Investigating the Source and Intended Use

Investigators are examining where the counterfeit notes were produced, how they were brought into Visakhapatnam and whether other people were involved.

Police are also looking into whether the notes were intended for circulation during the ongoing civic election period or for other fraudulent activities. Further details are expected as the investigation progresses.