Hyderabad, Feb. 1 -- A man was arrested by the Hyderabad City police on Saturday, February 1, for printing and circulating fake Indian currency.

The accused has been identified as Pabbati Murali Krishna, 38, a native of Guntur of Andhra Pradesh. He was arrested near Sri Ganesh Tiffin Centre, Bazar Ghat, under Nampally police station limits.

The police seized counterfeit currency worth Rs 11,10,500 in Rs 500 denominations and other incriminating evidence including the printing materials.

According to the police, the accused Murali Krishna has been making counterfeit currencies using his knowledge of graphic design and circulating fake notes in metro cities with the help of his associates.

The police said that he had been arrested thric...