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Man held with fake currency of Rs 2.83 lakh face value

Press Trust of India  |  Thane 

City Police have arrested a 40-year-old man for allegedly carrying fake currency notes with the face value of Rs 2.83 lakh, an officer said on Tuesday.

Acting on a tip-off, crime branch officials stopped a man near RTO Office on Monday evening, he said.

"Police found 566 counterfeit notes in denomination of scrapped Rs 500 stuffed in the bag being carried by Kaluram Indvale, a resident of Kasara in Thane district," senior police inspector Jairaj Ranavare said, adding that another person accompanying Indvale managed to escape.

A case has been registered against various sections of the Indian Penal Code (IPC).

Further investigation is underway.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 13 2019. 17:45 IST
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