THIRUVANANTHAPURAM: Police recovered fake notes to a tune of Rs 1, 37, 590 from the house of a local Bharatiya Janata Party (BJP) Yuva Morcha leader at Sreenarayanapuram in the district in Kerala.
Police said Rajesh Erachery, a local Yuva Morcha leader was arrested in connection with the incident.
Counterfeit notes of denomination of Rs 2,000, Rs 500, Rs 50 and Rs 20 were recovered during a routine raid by police on private money institutions, to check loan sharks. Cash amounting to Rs 9 lakh was also recovered.
They also recovered a printer, scanner and a laptop used for making fake notes from his premises. A senior police official who was monitoring the raid said, that “the fake currencies looked so genuine that it is difficult to identify them if transactions were done in a bunch,” said.
“We seized a cannon colour printer, plain sheets of paper and fake currency notes from his house during the raid. The role of Rajesh and his brother has been confirmed in fake currency racket,” Thrissur District Police Chief N Vijayakumar said, as per NDTV.
A degree holder in Bachelor of Arts and has completed a computer diploma course as well, Rakesh was working in Dubai since five years and was also carrying out a money lending business.