Hyderabad police have seized a large haul of counterfeit currency notes and arrested four accusedPolice seized 6.78 crore counterfeit notes in 500-rupee denominationsThe accused had set up a printing press in a rented room.
Updated: November 4, 2026, 11:24 AM IST
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Hyderabad: Fake currency worth Rs 6.78 crore seized, was being printed in a room near Ramoji Film City (ANI)
Fake currency racket: A large cache of counterfeit currency notes has been seized from four accused arrested near Ramoji Film City in HyderabadPolice arrested the four accused on November 1Following their information, a raid was conducted at a room where counterfeit currency notes worth Rs 6.78 crore in denominations of Rs 500 each were recoveredPolice Commissioner DrTarun Joshi stated that on November 1, his team stopped a car near Ramoji Film City on NH-65 and arrested the four accused: Madupoju Karnakar, Chinola Manikya Reddy, Cherukupalli Ratnakar Reddy, and Karanam Ajay KumarThere, the main accused would scan genuine currency notes and edit their images using softwareHe had learned this method of making counterfeit notes from YouTube videos and social media contentThe Police Commissioner stated that further investigation is underwayPolice are trying to determine who else is involved in this racket.
Notes were being printed from a rented house in Kuntloor
Police also discovered a counterfeit currency printing facility in a rented house in KuntloorA printer, a laptop, note-cutting machines, and other equipment were seizedThe accused allegedly posed as police officers and used fake identity cards, walkie-talkies, and a fake pistol to intimidate and defraud people.
All four accused arrested near Ramoji Film City
Police Commissioner DrTarun Joshi said that Abdullahpurmet police and the Shadnagar Special Operations Team (SOT) arrested four accused after intercepting a car near Ramoji Film City on NH-65 on November 1Further investigation led police to uncover an alleged counterfeit currency printing unit operating from a rented house in Kuntloor.
3-4 lakh fake currency in exchange for one lakh flax notes?
He said the accused used fake police identification and equipment to instill fear in people and defraud themInvestigation revealed that the gang initially attempted to circulate counterfeit currency by luring people with the promise of Rs 3 to 4 lakh in fake notes for every 1 lakh rupees in real cashHowever, when this plan failed, they adopted another method.
Cheating in filmy style
According to the police, gang members would first show potential buyers genuine notes to gain their trustTheir accomplices would then arrive at the scene posing as police officers, threaten legal action, and flee with the buyers’ actual moneyIn two such incidents, the accused defrauded them of ₹2 lakh and ₹3 lakh, respectivelyThe total face value of the counterfeit ₹500 notes recovered in this case is ₹6.78 crore, which the police have described as a major success.
