Rs 40.73 lakh in counterfeit notes were seized from their possession, police said.
An SOG team raided a house at Sania village near here today and seized fake notes in denomination of Rs 2,000, Rs 500 and Rs 100.
Police had earlier arrested three persons for trying to circulate fake currency. The arrested men revealed that they had got the notes from one Ravi Gandhi.
Police raided Gandhi's row house at Sania and arrested him. A printing machine, a cutting machine, a laptop and the paper used to print fake notes were found at the house, apart from Rs 15.38 lakh in fake currency.
Gandhi thought of printing fake notes first when he was in urgent need of money to repay a loan of Rs 80 lakh, police said. Further probe is on.
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