Giving details, police said one Saleem Sheikh was held and on his information three others -- Ropan Ali, Rafool Sheikh and Mithu Sheikh -- were also arrested.
The arrests were made following a complaint by a shopowner at Pallikaranai, who alleged that Sheikh had given a fake Rs 500 note for a mobile recharge, a city police release said.
Fake Indian Currency Notes (FICN) of face value of Rs 53,500 and Rs 24,410 cash, debit card and a credit card and four mobile phones were recovered from them, it added.
