After getting a tip-off, Commissioner's Task Force (Central Zone) Team nabbed M Subhashini, Bhaskar and Bandaru Venkanna.
Police seized fake notes of Rs 1,000 and Rs 500 denomination from them, Additional Deputy Commissioner of Police P Rameshaiah said.
The trio allegedly told interrogators that they had exchanged original Indian currency of Rs 1 lakh with fake notes of Rs 2 lakh from a person called Muzaffar in West Bengal.
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