Police have arrested a 50-year-old man for alleged possession of counterfeit currency at Titilagarh in Balangir district. The accused, identified as Lingaraj Behera of Kantamal in Kalahandi district, was apprehended near the main gate of bus-stand park under the Titilagarh police limits on Wednesday evening.
Official sources said Behera was arrested basing on reliable inputs about illegal business and possession of Fake Indian Currency Notes (FICN). During search, he was found to be in possession of FICN to the tune of Rs 31,27,500. Other incriminating materials were also recovered from the accused.
Behera was arrested after he could not furnish any valid authority in support of possession of the counterfeit currency notes and later forwarded to the Court of SDJM, Titilagarh.
A case has been registered and the seized fake notes would be sent to the Bharatiya Reserve Bank Note Mudrana Pvt Ltd in Paschima Medinapore, West Bengal for examination and opinion. Investigation into the case was on, police said.
Till date, STF has seized Rs 78,70,600 FICN including this seizure.
