Yavatmal Police Monday seized fake currencies in new denominations having face value of over Rs 6.77 lakh from a car and arrested a 27-year-old man, an official said.
Apart from counterfeit currencies in denominations of Rs 200 and Rs 2000, the crime branch officials also seized a car, a printer and other material- collectively worth Rs 8,42,720.
While Pradnyesh Rupesh Patil was arrested in the action, his accomplice Kishor Aasalkar managed to escape, a senior officer said.
Patil is a resident of Brahmi village in the district.
Yavatmal superintendent of police M Rajkumar said the crime branch officials had received a tip-off that counterfeit notes of Rs 200 and Rs 2,000 are in circulation in Darwha and Digras areas of the district.
Police intercepted a car coming towards Yavatmal and seized the fake notes today, he said.
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The SP said Patil told them that he was printing fake notes from his residence in Bramhi village.
Police raided the place and recovered a scanner, a printer, ink bottles and other items.
An FIR has been registered against Patil who was booked in similar cases in Karanja and Murtizapur in Akola district last year. A case of burglary was also pending against him, the officer said.