Man with Rs1.05 lakh counterfeit currency arrested in Kerala

A 35-year-old man was arrested with a bundle of fake currency notes having a face value of Rsl.05 lakh in his possession near here last night, police said.

The notes were in the Rs500 denomination, they said. The man, Rajesh, has been charged under various IPC sections.

Police said on October 14, a 32-year-old woman Shani was arrested from a leading gold jewellery shop from the city. She had counterfeit notes with a face value of  Rs 50,000 in her possession.

She had paid Rs 32000 towards the price of two bangles she purchased but the jeweller, suspecting something was amiss, checked the notes and found only three rs 500 notes genuine and the rest fake.

Police suspect that the arrested are links of a large chain of an Indian currency notes counterfeiting gang with inter-State ramifications.