Acting on an information about fake currency being circulated in Karond area of the city, the three were nabbed on Friday, police said on Monday.
The accused used to circulate fake currency notes in Bhopal, Sehore, Vidisha, Rajgarh and other nearby areas, they said.
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The three arrested have been identified as - Swatantra Jain (28), and his two accomplices Rakesh Bamania (36) and Prashant Sharma (26).
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