Archive · 18 Jun 2025
Supreme Court Denies Bail to Bulgarian in Fake Currency Case
A man from Bulgaria named Ruslan Metodiev was caught with fake money in India.
The Supreme Court said no to letting him out on bail, because making fake money hurts the country's money system.
Police found around 8 lakh rupees worth of fake 500 rupee notes with him.
They also searched his home and found machines and materials used to make fake money.
The court said his crimes were serious and could damage the economy, so he needs to stay in jail while the case goes on.
The Supreme Court denied bail to Bulgarian national Ruslan Petrov Metodiev.
Metodiev is accused of running a counterfeit currency racket in Delhi.
He was arrested in June 2023 with Rs 8 lakh in fake Rs 500 notes.
A search of his Gurugram home revealed a counterfeiting setup.
The Delhi High Court previously dismissed his bail plea due to the severity of the charges.
- Who
- Ruslan Petrov Metodiev, a Bulgarian national, is the accused.
- What
- The Supreme Court rejected bail for a Bulgarian man accused of running a counterfeit currency operation.
- When
- The Supreme Court made its decision on Wednesday. Metodiev was arrested on June 21, 2023.
- Where
- The counterfeit operation was based in the national capital, Delhi. Metodiev's home was in Gurugram.
- Why
- The court denied bail because of the severity of the crime, which threatens the economy.
Prosecution's View
Defendant's View
Bail Justification
Prosecution's View
Metodiev's actions are harmful to the economy.
Defendant's View
The accused is presumed innocent until proven guilty, and has a right to bail.
- Accused
- Ruslan Petrov Metodiev
- Nationality
- Bulgarian
- Charge
- Counterfeiting of Indian currency
- Amount of counterfeit money found
- Rs 8 lakh
- Denomination of notes
- Rs 500
- Location of arrest
- Delhi
- Date of arrest
- June 21, 2023
- Court Decision
- Bail denied