Mumbai, November 24: The Crime Intelligence Unit (CIU) of Mumbai Police busted an Indian banknote printing factory operating in the Pydhonie area in Mumbai and arrested a 47-year-old man, informed Mumbai Police on Wednesday.

The arrested person has been identified as Shabbir Hasan Qureshi.

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The police also recovered Rs 1,60,000 counterfeit notes and 53 fake notes of Rs 2,000 from the factory.

Besides this, a computer printer and other material required to produce fake notes have been recovered from Shabbir's house, said the police.

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"The accused was printing notes at his own house, he has been printing these notes for the past several days and has distributed them in different markets of Mumbai," said police.

The accused was arrested by the Pydhonie Police Station and the police is looking for his accomplice.

Shabbir will be presented in the court today. Further investigation is underway.

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)