Major Fake Currency Racket Busted in Hyderabad

Future City Police have busted a major counterfeit currency racket in Hyderabad and arrested four accused persons. Police seized fake ₹500 denomination notes with a face value of ₹6.78 crore during the operation. The joint operation was conducted by the Future City Commissionerate and the Shadnagar Special Operations Team (SOT). According to police, the accused were allegedly running the illegal operation from a rented house in Kuntloor. Preliminary investigations revealed that they were reportedly using Photoshop to design and print counterfeit currency notes. The seizure marks a major breakthrough in the investigation into the circulation and production of fake currency.

During the raid, police also recovered fake identity cards, dummy pistols and walkie-talkies. The accused allegedly used these items to impersonate police personnel and extort genuine cash from unsuspecting individuals. Future City Commissioner Tarun Joshi, IPS, briefed the media about the operation and the details of the case. Police further revealed that three other suspects involved in the racket are absconding. Special teams have been formed to trace and apprehend them. Further investigation is underway to uncover additional details about the counterfeit currency network and its activities.