A college student in possession of fake currency notes who was allegedly trying to circulate them has been arrested from Mayurbhanj district, the police said today.
Acting on a tip-off, the police yesterday arrested the accused, a student of Baripada College.
The police recovered 21 fake notes of Rs 500 denomination from him, said Baripada Town police station inspector in-charge Amit Kumar Biswal.
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The student was trying to exchange one such fake Rs 500 note at a shop at Sunagadia area and was caught by locals.
The student told the police that he got the fake notes from a friend who is a resident of Patia in Bhubaneshwar.
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