Ghaziabad (UP), Sep 8 (PTI) Four people have been arrested by Kaushambi police for allegedly manufacturing and supplying fake Rs 500 notes bearing the stamp of 'Bhartiya Manoranjan Bank', police said on Wednesday.

“The accused have been identified as Mainuddin, Chandra Prakash, Tarun and Mahipal, residents of Jafrabad in Delhi and Noida,” Superintendent of Police (City-2) Gyanendra Singh said.

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Cash worth Rs 7,000 and fake currency worth Rs 70 lakh were seized from their possession, he said.

The accused told police that they got the fake currency from a businessmen involved in hawala trade.

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According to police, the accused used to take Rs 60,000 cash and supply these fake currency worth Rs 1 lakh to people.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)