The Bangur Nagar police have recovered Rs 39.64 lakh in fake currency from a hotel room in Malad, and arrested a city-based jeweller who printed the notes. Two Cameroonian nationals, accused in the case, are absconding.

Officers found bundles of fake notes of Rs 2,000 from a room in a hotel located at Mindspace, Malad West, on Thursday night. According to police sources, the Cameroonian nationals, Jhon Pacific and Frank Stephen, checked in at the hotel on Wednesday, but left the next morning without informing the hotel.