Where did the expression "Caught Red Handed come From" ?

Did it have anything to do with criminal punisment?
20:43 Wed 11th Aug 2010
 
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20:47 Wed 11th Aug 2010 Go To Best Answer

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Got a feeling that it was something to do with a dye being put on banknotes that showed up under a certain type of light as red. hence the term red-handed.

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