Telangana police seize fake currency worth Rs 6.78 crore in Hyderabad
Four people were arrested during a joint operation by the Abdullapurmet Police and the Shadnagar Special Operations Team near Ramoji Film City.
The Abdullapurmet Police and the Shadnagar Special Operations Team (SOT) busted a counterfeit currency racket in Hyderabad and arrested four individuals, according to ANI.
Future City Commissioner of Police Tarun Joshi said the police intercepted a car on National Highway 65 near Ramoji Film City on November 1. The officers seized fake Rs 500 notes with a total face value of Rs 6.78 crore.
The arrested persons have been identified as Madupoju Karnakar, Chinnolla Manikya Reddy, Cherukupelly Rathnakar Reddy, and Karanam Ajay Kumar.
Commissioner Joshi stated that authorities are conducting further investigations to find other people linked to the racket.
In a separate case last month, the National Investigation Agency (NIA) arrested two conspirators, Ajay Kumar and Harish Rounta, in connection with the illegal printing and supply of fake currency notes.