Jaipur, October 1: A man was arrested with fake currency notes of Rs 1.97 lakh face value in Rajasthan's Nagaur district, police said on Friday.

Bundu Khan (29) was arrested on Thursday and he has connection with notorious counterfeit currency notes smuggler Rafiq, Nagaur Superintendent of Police Abhijeet Singh said. Fake Currency Alert: RBI Warns Against Circulation of Counterfeit Rs 50 And Rs 200 Notes; Central Bank Issues Guidelines to Identify the Real Currency Notes.

He said that the recovered notes are in Rs 500 and Rs 2000 denominations.

Acting on a tip-off, that a large sum of counterfeit currency was being smuggled and flushed into the market, a police team nabbed Bundu Khan on Thursday.

(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)