Eight Suspects Held in Telangana Fake Currency and Fraud Scheme

Authorities in Telangana have dismantled a criminal network engaged in counterfeiting currency and perpetrating financial fraud schemes. The Warangal Task Force and Narsampet police jointly apprehended eight suspects involved in circulating forged notes and duping citizens through deceptive money-multiplication rackets.

According to law enforcement, the criminal operation comprised two distinct wings. Three of the accused were involved in the production and distribution of counterfeit currency, while the remaining five members targeted victims by falsely promising to convert small sums into substantially larger amounts through a purported 1:3 ratio conversion process.

During raids conducted as part of the investigation, police recovered counterfeit currency notes, ₹1.48 lakh in genuine cash, computers, printers, thirteen mobile devices, and two vehicles. The electronic equipment seized was valued at approximately ₹28 lakh.

The eight individuals arrested include Shaganti Kiran, Neerati Shiva, Neerati Ranjith, and Gudikandula Ravi, all residents of Narsampet. Porika Rajkumar, known by the alias Raju, was apprehended from Ghanpur in Mulugu district. The remaining suspects are Tanamala Rajasekhar from Vemsuru in Khammam district, Mudurukola Yakambaram from Bhuvanagiri, and Chenu Sai Kiran from Karakagudem mandal in Kothagudem district.

Sophisticated Counterfeiting Operation

East Zone Deputy Commissioner of Police Ankit Kumar revealed that investigators initially detained three suspects from Narsampet for questioning. The accused employed laptops and printers to produce high-quality colour reproductions of ₹100 notes, which were subsequently distributed through local markets as authentic currency.

The fraud component of the operation relied on chemical manipulation to deceive victims. The gang would immerse genuine ₹500 notes in iodine tincture solution, causing them to turn black. Using sodium thiosulphate solution, the suspects would then restore the notes to their original appearance. This deceptive process was used to convince targets that bundles of black paper could be transformed into legitimate currency notes. The fraudsters would collect genuine money from victims before disappearing.

Police records indicate that members of the gang had previously conducted similar crimes across multiple jurisdictions, including Ghanpur, Monda Market, Vemsuru, Kothagudem, KUC, and Subedari police station areas. Several suspects had been arrested and imprisoned in connection with earlier offences.

Recent investigations uncovered that the group had defrauded residents in Chatrinaka, located in Hyderabad, as well as in Narsampet.

Senior police officials commended the efforts of Task Force ACP Madhusudhan, Narsampet ACP Ravinder Reddy, Task Force Inspector Babulal, Narsampet Inspector Srinivas, AAO Salman Pasha, and other personnel involved in the operation.