World · South & Central Asia · 5 hrs ago
Four arrested in Hyderabad fake currency case involving ₹6.78 crore
Police in Hyderabad arrested four people over a fake currency operation.
Officers seized counterfeit ₹500 notes worth ₹6.78 crore and equipment used to print them.
Police say the group worked from a rented house in Kuntloor, on the outskirts of the city.
The main suspect reportedly learned how to make fake notes from YouTube videos and social media.
The gang allegedly posed as police officers, using fake IDs and other equipment to threaten and rob people.
Police say two people lost a total of ₹5 lakh in separate incidents.
Investigators are looking for three other suspects and examining how the equipment was obtained and whether more people were involved.
Hyderabad police arrested four people accused of running a fake-currency operation that produced notes valued at ₹6.78 crore.
Police said the group printed counterfeit ₹500 notes at a rented house in Kuntloor, on the outskirts of the city.
The operation was uncovered after police stopped a car near Ramoji Film City on National Highway 65.
Investigators said the accused also posed as police officers to threaten and rob people.
Police said the main accused learned how to print fake notes from YouTube videos and social media content.
- Who
- Four people were arrested; police said three others were absconding.
- What
- Police uncovered a counterfeit-currency operation and seized fake notes valued at ₹6.78 crore.
- When
- The arrests were made on 1 November, according to AajTak.
- Where
- The operation was based in a rented house in Kuntloor, Hyderabad; the arrests followed a stop near Ramoji Film City on National Highway 65.
- Why
- Police said the group printed fake currency and also posed as police officers to defraud and rob people.
This story does not have two clearly opposing sides.
Police said the main accused learned to print counterfeit notes from YouTube videos and social media content.
Police stopped a car near Ramoji Film City on National Highway 65 and arrested four people.
Police searched the rented house in Kuntloor and seized counterfeit notes and printing equipment.
Police said they were investigating the wider network and searching for three other suspects.
- Arrests
- Four people
- Counterfeit currency seized
- ₹6.78 crore
- Note denomination
- ₹500
- Printing location
- Rented house in Kuntloor, Hyderabad
- Arrest location
- Near Ramoji Film City on National Highway 65
- Other suspects
- Three reported absconding