Hyderabad, July 22 -- A counterfeit currency racket was busted in Hyderabad's Mehdipatnam on Saturday, July 19. Two persons have been arrested, and counterfeit currency worth Rs 2 lakh was seized from them.

The accused were identified as Ansari Aftab Azeemuddin,22, a native of Aurangabad, Maharashtra; Adil Hussain,22, a student and resident of Langar Houz, Hyderabad. The third accused, identified as Akash, a native of Aurangabad, is absconding.

Aftab and Adil were arrested while waiting at Ramalayam, Sriram Nagar, as the first Lancer to deliver counterfeit currency to a customer. The accused had procured the counterfeit notes from Akash. The Mehdipatnam police seized 400 notes of Rs 500 denomination, three mobile phones and an Activa us...