India News | Four Held with Fake Currency Notes with Face Value of Rs 1 Lakh

Mumbai, Jan 12 (PTI) The Mumbai police on Sunday seized counterfeit notes with a face value of Rs 1 lakh and arrested four persons over the haul, an official said.

Police first recovered 200 bogus notes, each with a face value of Rs 500, from the Byculla area in south Mumbai and arrested three persons, identified as Umran Balbale (48), Yasin Shaikh (42), and Bheem Badela (45).

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Subsequently, they seized laptops, a printer, lamination machines and other materials suspected to be used in making the fake notes from the fourth accused, Niraj Vekhande (25), in neighbouring Palghar district, he added.

(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)