Hyderabad man arrested for circulating 16 fake ₹500 notes in Begum Bazar
Synopsis
A 21-year-old from Begum Bazar was caught in Hyderabad exchanging fake ₹500 notes with petty vendors for ₹400 in real change — pocketing ₹400 per transaction. Police recovered 16 counterfeit notes and sent him to judicial remand, but the alleged supplier Ashok remains at large as investigators probe the wider fake-currency network.
Key Takeaways
Vikram, 21 , was arrested on 27 September 2026 by Goshamahal Police , Hyderabad, for circulating counterfeit currency.
Police seized 16 fake ₹500 notes with a face value of ₹8,000 from the accused.
The accused allegedly passed fake notes to petty vendors, collecting ₹400 in genuine change per note.
Vikram confessed to obtaining the counterfeit notes from a friend, Ashok , who is currently absconding.
A case was registered under Sections 179, 180, 318(4) r/w 3(5) of the BNS ; the accused has been sent to judicial remand .
Police have urged vendors and the public to verify ₹500 note security features and report suspicious currency to Dial-100 .
Hyderabad Police apprehended a 21-year-old man on 27 September 2026 for allegedly possessing and circulating counterfeit currency in the Begum Bazar area of Hyderabad, recovering 16 fake ₹500 notes worth a face value of ₹8,000. The accused has been sent to judicial remand while investigators work to trace the broader network behind the fake notes.
How the Accused Was Caught
Police personnel conducting routine patrolling near Begum Bazar Chatri detained Vikram, a resident of Begum Bazar, Hyderabad and a native of Rajasthan, on suspicion. During questioning, Vikram allegedly disclosed that he had been passing counterfeit ₹500 notes to petty vendors and collecting ₹400 in genuine currency as change for each fake note — netting a profit of ₹400 per transaction.
A search of the accused yielded 16 counterfeit ₹500 notes, with a combined face value of ₹8,000. He was subsequently brought to Goshamahal Police Station for legal proceedings.
The Alleged Supply Chain
According to the police, Vikram confessed that he had obtained the counterfeit notes from a friend identified as Ashok. Inspector of Police B. Sravan Kumar of Goshamahal Police Station confirmed that Ashok and other accused persons are currently absconding. Further investigation is under way to trace the source and dismantle the network involved in producing and distributing the fake currency.
Legal Action Initiated
A case has been registered under Sections 179, 180, 318(4) read with 3(5) of the Bharatiya Nyaya Sanhita (BNS) at Goshamahal Police Station. Vikram has been arrested and remanded to judicial custody. The police said a charge sheet will be filed against all accused persons once the investigation is concluded.
Public Advisory from Hyderabad Police
Goshamahal Police issued a public advisory urging petty vendors, shopkeepers, street vendors, and members of the general public to remain vigilant, particularly when handling ₹500 denomination notes during busy hours. Citizens are advised to verify security features before accepting any note and to refrain from confronting anyone suspected of tendering counterfeit currency. Suspected incidents should be reported immediately to the nearest police station or by dialling 100.
This comes amid broader concerns over the circulation of high-denomination fake notes — a recurring challenge for law enforcement agencies across India's metropolitan cities. Investigations remain ongoing, and further arrests are expected as police zero in on the supply network.
Frequently Asked Questions
Who was arrested in the Hyderabad counterfeit currency case?
Vikram, a 21-year-old resident of Begum Bazar, Hyderabad and a native of Rajasthan, was arrested by Goshamahal Police on 27 September 2026 for allegedly possessing and circulating counterfeit ₹500 notes. He has been sent to judicial remand.
How many fake notes were recovered and what was their value?
Police recovered 16 counterfeit ₹500 notes with a combined face value of ₹8,000 from the accused. The notes were allegedly obtained from a person identified as Ashok.
How did the accused allegedly use the fake notes?
Vikram allegedly passed counterfeit ₹500 notes to petty vendors and collected ₹400 in genuine currency as change for each fake note, effectively earning ₹400 per fraudulent transaction.
What charges have been filed in the case?
A case has been registered under Sections 179, 180, 318(4) read with 3(5) of the Bharatiya Nyaya Sanhita (BNS) at Goshamahal Police Station, Hyderabad.
What should the public do if they suspect someone is passing counterfeit currency?
Hyderabad Police advise against confronting the individual. Citizens should note the person's appearance and relevant details, and immediately inform the nearest police station or call Dial-100. Vendors are urged to check the security features of all ₹500 notes before accepting them.
