Hyderabad Police Seize ₹6.78 Crore in Fake Notes, Arrest Four

Police in Hyderabad arrested four people after intercepting a car near Ramoji Film City on November 1, and seized counterfeit ₹500 notes with a stated face value of ₹6.78 crore, Future City Police Commissioner Tarun Joshi said. The operation also led police to a rented house in Kuntloor that they said was used to print the notes. Police identified the arrested men as Madupoju Karnakar, Chinola Manikya Reddy, Cherukupalli Ratnakar Reddy and Karanam Ajay Kumar. The spelling of some names varies in police accounts. The arrests followed a vehicle check near Ramoji Film City on National Highway 65 by Abdullapurmet police and the Shadnagar Special Operations Team. Police said officers initially seized counterfeit notes worth ₹8 lakh from the car. Following information from the arrested men, they searched the Kuntloor house and found printers, a laptop and currency-cutting equipment, along with bundles of counterfeit notes. One police account said 134 bundles worth ₹6.7 crore were recovered from the house; police put the total seized in the case at ₹6.78 crore, including the notes found in the vehicle. According to Joshi, the main accused learned to scan genuine ₹500 notes, edit...