Fake Notes Worth Rs 6.78 Cr Seized In Hyderabad, Four Held

The Abdullapurmet Police and Shadnagar Special Operations Team (SOT) have busted a counterfeit currency racket in Hyderabad, arresting four accused and seizing fake Rs 500 currency notes with a total face value of Rs 6.78 crore, Future City Commissioner of Police Tarun Joshi said. 

According to the police, the accused were intercepted in a car



near Ramoji Film City on National Highway 65 on November 1. 

The police said they arrested four persons identified as Madupoju Karnakar, Chinnolla Manikya Reddy, Cherukupelly Rathnakar Reddy and Karanam Ajay Kumar. During the operation, Telangana police seized counterfeit Rs 500 currency notes with a total face value of Rs 6.78 crore.