The Madanapalle Two Town police have busted a gang selling fake gold. DSP Pavani disclosed the details to the media at the local DSP office on Friday. R. Charan, his relatives M. Vinodkumar, M. Rookjan alias Roopjan, R. Pandi of Jaynagar Colony, Palempalle Panchayat, Punganur Mandal, and R. Mallanna, S. Chalapathi, and R. Krishnababu of Shikaripalem, Tatiguntapalle Panchayat, Veeraballi Mandal were involved in the business of beads and plastic garlands in the villages. All of them, accustomed to luxury, started cheating people by promising to give them gold at a low price with the intention of making easy money.
Recently, a Hyderabad-based man called Venkatesh and said that he was selling gold for Rs. 7 lakh per kilo as he needed money urgently. He came to Annamayya Circle in Madanapalle on the 17th of this month along with three other relatives. The accused brought 2,800 grams of fake gold beads to the circle in a car. They showed it to Venkatesh. When he turned around and said it was fake gold, they threatened him with knives and snatched Rs. 5,000 from his shirt pocket. The victim informed the Two Town police, who reached there. The accused, seeing the police, chased them and caught them near Ramasamudram. They were taken to the station and questioned, but the case was closed. Seven accused were arrested on Friday and remanded. The fake beads, a car and three knives worth Rs. 40 lakh were seized. The police said that another accused is absconding. Meanwhile, they said that there are two cases against Pandi in Madanapalle taluka and Veeraballi police stations. The DSP congratulated Two Town CI Mahmud Rafi, SI Ramanjaneyulu and the staff for their efforts in solving the case.