Warangal Police Arrest Fake Currency Racket, Eight Held in Major Bust
The Warangal Police arrest fake currency racket case has exposed a coordinated operation involving counterfeit currency production and financial fraud in Telangana. Acting on credible inputs, the Warangal Task Force along with Narsampet Police arrested eight individuals involved in printing and circulating fake notes across the region.
The arrests mark a significant breakthrough in a fake currency racket investigation that allegedly combined counterfeit note printing with fraudulent money exchange schemes. Officials stated that the accused were operating through multiple locations and targeting individuals with promises of high-value returns.
Police Action in Warangal Fake Currency Racket Case
According to police officials, two interconnected groups were involved in the illegal operation. One group was engaged in printing counterfeit currency, while the second group allegedly deceived victims by promising to convert smaller amounts of money into larger sums in a 1:3 ratio.
The Warangal Task Force and Narsampet Police operation led to the arrest of all eight accused. The crackdown was carried out after coordinated surveillance and verification of suspicious activities linked to fake currency circulation in Telangana.
Authorities confirmed that the arrested individuals were actively distributing counterfeit notes and attempting to expand their network in nearby districts.Seizure of Fake Notes, Cash and High-Value Equipment
During the operation, police recovered counterfeit currency along with Rs 1,48,000 in genuine cash from the accused. In a major seizure, officials also confiscated equipment believed to be used for printing fake currency.
The seized items include laptops, printers, 13 mobile phones, and two cars, collectively valued at approximately Rs 28 lakh. The recovery highlights the scale of the fake notes printing racket in Warangal district and its operational setup.
Police stated that the equipment was being used to produce fake ₹500 denomination notes, which were then circulated in local markets.
Accused Identified from Multiple Districts
The arrested individuals have been identified as residents of Narsampet, Mulugu, Khammam, Bhongir, and Bhadradri Kothagudem regions. The accused include Shaganti Kiran, Neerati Shiva, Neerati Ranjith, Gudikandula Ravi, Porika Rajkumar alias Raju, Tanamala Rajashekar, Mudurukola Yakambaram, and Chenu Saikiran.
Officials noted that the group was operating in coordination across districts, making the Telangana counterfeit currency case more complex for investigators.
Police Investigation and Latest Update
Police have intensified the counterfeit currency investigation in Warangal, examining digital devices and communication records seized during the raid. Authorities are also tracking possible links to wider networks involved in similar financial fraud activities.
An official statement from the police confirmed that further interrogation is underway to determine the source of the counterfeit printing materials and the extent of the distribution network.
The case remains under active investigation, with officials focusing on dismantling any remaining links associated with the racket.