On a tip off, ATS team nabbed Nizam Ansari, who was travelling in a train on way to Jammu Tavi, at the Mirzapur Railway station, they said.
The team recovered 116 notes in the denomination of Rs 1000 and 768 notes in the denomination of Rs 500, police said.
The culprit, a resident of Ranchi, was found carrying a ticket to Ludhiana, indicating that he was taking fake notes to the region, police said.
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