The city police today busted a fake currency racket with the arrest of a man in Barkas area here and seized counterfeit notes with the face value of Rs 5 lakh.
The sleuths of the commissioner's task force apprehended a man called Mohd Ghouse and seized the fake currency in the denomination of Rs 1,000 from him.
Police were looking for three more accused.
Ghouse, a fruit vendor, had been named in fake currency seizure cases at various police stations in the city earlier too and arrested, additional deputy commissioner of police N Koti Reddy said.
In 2012, while he was in jail, he met Mohd Islam, a native of Malda in West Bengal, also involved in a counterfeit currency case. Through him Ghouse got in touch with his brother Imamul Haq.
Haq supplied him with fake currency, and recently he had sent the money through Phool Chand Ali and Mohammed of West Bengal, Reddy said.
Ali and Mohammed met Ghouse at Barkas today and handed over Rs 5 lakh. Police seized the currency, Rs 2.5 lakh in genuine cash and a two-wheeler, but Ali and Mohammed had fled by then. Police are looking for them, and Islam.
The currency is suspected to have been printed in Malda district.
