Fake notes of the recently launched Rs 200 denomination are among counterfeit currency worth Rs 6.36 lakh seized by the police in Jammu, reports say.
The main accused, who had been allegedly been printing them at his rented house in Sidhra on the outskirts of Jammu, has also been arrested.
“Of the notes seized, 270 were of Rs 200 denomination, 1150 notes of Rs 500 denomination and 19 notes of Rs 50 denomination,” SSP Reasi, Tahir Sajad Bhat was quoted as saying by Hindustan Times.
New Rs 200 denomination notes were launched by the RBI in August this year, following the November 8 demonetisation of Rs 1,000 and Rs 500 notes as part of demonitisation.
Bhat said an FIR was registered on December 1 after fake currency was used by a person in Reasi district.
Consequently, a special investigation team was constituted which led to the arrest of the main accused, a resident of Kulgam district.
The police also seized a computer, a scanner, paper cutting machine, paper cutter and a bundle of photocopy papers.