Rafiq alias Noorudin alias Ismail (29) and his accomplice Shahul Hameed were arrested last night in a joint operation by the Crime and Special Branches of CID and "Q" Branch that handles cases related to national security. They were remanded in judicial custody and further probe is on, police said.
Rafiq, a habitual offender, faces nine criminal cases for circulating fake notes in Tamil Nadu sourced through conduits in West Bengal, police said.
Shahul Hameed was used as a courier by him to bring fake notes from West Bengal, police said. Shahul had been to Kolkata by air in March and June where he reportedly met a counterfeit currency conduit.
He allegedly brought counterfeit currency with a total face value of Rs 13.40 lakh after his visits.
The West Bengal-based fake currency circulator also visited Chennai and had given over Rs 6.5 lakh fake currency to Rafiq, preliminary investigation has revealed, police said.
A search of Rafiq's residence led to the seizure of fake currency with a face value of Rs 1 lakh, police said.
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