Bengaluru MBA Graduate Arrested In Fake Currency Case, Police Found Him Hiding Inside Bed Box

Published 8 July 2026 · local

Bengaluru MBA Graduate Arrested In Fake Currency Case, Police Found Him Hiding Inside Bed Box Published By, Last Updated: July 08, 2026, 12:16 IST Police

Bengaluru MBA Graduate Arrested In Fake Currency Case, Police Found Him Hiding Inside Bed Box Published By, Last Updated: July 08, 2026, 12:16 IST Police suspect the accused resumed the fake currency racket after being released from jail in a 2024 case. Another suspect is absconding. A file photo of the Bengaluru Police (PTI) A 41-year-old MBA graduate has been arrested for allegedly printing and circulating counterfeit Rs 500 currency notes in Karnataka after police found him hiding inside a box bed at his residence during a search operation, NDTV reported. The accused, identified as Rudresh, was taken into custody from Sampige Layout in Bengaluru’s Gangondanahalli area. Investigators suspect he was actively involved in the circulation of fake Rs 500 notes across Bengaluru, Tumakuru and other parts of the state. According to the report, the investigation began after Rudresh allegedly used a counterfeit Rs 500 note to purchase cigarettes at Huliyaru village on July 2.

The transaction reportedly raised suspicion, prompting Huliyaru Police to launch a probe that eventually led them to the accused’s residence. When police reached the house to arrest Rudresh, they allegedly encountered resistance from his parents. Despite searching the premises for a considerable time, officers were initially unable to locate him. However, a more detailed inspection of the house led to a dramatic discovery. Police eventually found Rudresh concealed inside a box bed, where he had allegedly been hidden by his parents in an apparent attempt to help him evade arrest. He was immediately taken into custody. During the investigation, police also uncovered Rudresh’s alleged links to an earlier counterfeit currency racket. He was reportedly among the accused arrested in a fake currency case busted by the Davangere Police in 2024. In that operation, investigators had alleged that the gang printed and circulated counterfeit currency worth nearly Rs 20 lakh over a period of three months before six members of the racket were arrested and sent to jail.

Police now suspect that after being released from prison, Rudresh resumed his involvement in the illegal counterfeit currency business. Investigators believe he restarted the printing and circulation of fake Rs 500 notes, leading to the latest case registered against him. Police are also searching for another accused who is believed to be connected to the counterfeit currency operation. The suspect remains absconding, and efforts are underway to trace and arrest him. Huliyaru Police have registered a case and are continuing their investigation into the matter. Officials are interrogating Rudresh to determine the full extent of the counterfeit currency network, identify other individuals who may have played a role in printing or circulating the fake notes, and establish how widely the forged currency had been distributed. News18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submit About the Author Vani Mehrotra Vani Mehrotra is the Deputy News Editor at News18.com.