11 March,2021 07:27 AM IST | Aurangabad | PTI
Photo for representational purpose
A 27-year-old man was arrested for alleged possession of counterfeit currency with a face value of Rs 2 lakh in Aurangabad district, police said on Wednesday.
Based on a tip-off, police nabbed Ganesh Macchindra Rathod in Nipani near a hotel in Aurangabad tehsil late on Tuesday, an official said.
The police had received information that Rathod, a resident of Dongaon Tanda in Paithan taluka, was coming to the spot to exchange counterfeit notes, the official said.
Fake currency with the face value of Rs 2 lakh was seized from the accused, he said
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An offence under relevant sections of the Specified Bank Notes (Cessation of Liabilities) Act 2017 has been registered against the accused at Chikalthana police station, the official added.
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