Police today arrested a man, suspected to be part of a counterfeit currency racket, from Basta Police station limit in Balasore district and seized 100 fake notes of face value of Rs 2,000 each from his possession.
Police made the arrest based on an investigation and leads from two students, who were earlier caught circulating fake notes in the market here on Wednesday.
The two students were detained by the locals of Baripada town and later handed over to Rasagobindpur police. They were trying to purchase clothes from a store in Baripada by using the fake notes.
According to additional SP Dinajan Nayak, 100 fake notes of face value of Rs 2,000 have been recovered from the arrested and further investigation into the incident is on.
Nayak said that during interrogation, the accused has admitted that he purchased the 100 counterfeit notes of Rs 2,000 each by paying Rs 10,000 to a man in West Bengal.
Both had earlier worked together in Chennai, Nayak said.
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