The Belagavi city police busted a fake notes racket and arrested a person on Wednesday, April 18. They also confiscated counterfeit notes worth face value of Rs 7.10 crore.
Ajit Kumar Nidoni, a resident of Sadashiva Nagar here is the arrested person.
It is believed that the notes were stocked for distribution among voters on the eve of the polling day.
Acting on the credible information received, police raided an abandoned Public Works Department (PWD) quarters building in Visvesvaraya Nagar. The fake cash was kept in a cupboard that was meticulously packed.
The police seized Rs 5.84 crore fake currency notes of Rs 2,000 face value and Rs 1.26 crore fake currency of Rs 500 notes face value. The total value was Rs 7.10 crore in fake money.
