Note exchanging gang busted; 12 held

The police in Suryapet arrested a note exchange gangA�on Monday. The police produced 12 members, including Quthubshapuram sarpanch Srinu Naik, of the gang before the SP. Gaddipalli MPTC Nageswara Rao, who was the member of the gang, was absconding.A�The police recovered Rs 3.15 lakh worth Rs 2000 notes and Rs 86,000 worth Rs 1000 and Rs 500 notes and 12 bank account pass books and a swiping machine from the gang which was exchanging the old notes with 20 percent commission.

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