<p>Police have arrested two persons in Maharashtra's Navi Mumbai and seized from them fake currency notes with the face value of nearly Rs 50 lakh, an official said on Friday.</p>.<p>The accused, who hail from Bhuj in Kutch district of neighbouring Gujarat, were arrested on Thursday night based on a tip-off, and the police also recovered cash worth more than Rs 1 lakh from them, he said.</p>.<p>"After being alerted, a team from the Kharghar police station in Navi Mumbai nabbed the duo. During their frisking, a total of 9,981 fake currency notes of Rs 500 denomination with 'Children Bank of India' written on them and without any serial number were seized from them," he said.</p>.Bengaluru Police busts gang circulating fake Indian currency notes; three held.<p>The seized notes looked exactly like the genuine ones. The accused had planned to circulate these notes of Rs 49,90,500 face value in the market, the police official said.</p>.<p>Cash worth Rs 1,09,500 was also recovered from the duo identified as Usman Dushap Saha (40) and Abdul Hasan Turk (41), he added.</p>.'Evidence of Rs 1,000 cr money laundering in Maharashtra', says Fadnavis citing I-T press note.<p>Police said that the accused have been booked under various Indian Penal Code (IPC) sections, including 420 (cheating), 489 (B) (using as genuine, forged or counterfeit currency-notes or bank-notes) and 34 (common intention). </p>
<p>Police have arrested two persons in Maharashtra's Navi Mumbai and seized from them fake currency notes with the face value of nearly Rs 50 lakh, an official said on Friday.</p>.<p>The accused, who hail from Bhuj in Kutch district of neighbouring Gujarat, were arrested on Thursday night based on a tip-off, and the police also recovered cash worth more than Rs 1 lakh from them, he said.</p>.<p>"After being alerted, a team from the Kharghar police station in Navi Mumbai nabbed the duo. During their frisking, a total of 9,981 fake currency notes of Rs 500 denomination with 'Children Bank of India' written on them and without any serial number were seized from them," he said.</p>.Bengaluru Police busts gang circulating fake Indian currency notes; three held.<p>The seized notes looked exactly like the genuine ones. The accused had planned to circulate these notes of Rs 49,90,500 face value in the market, the police official said.</p>.<p>Cash worth Rs 1,09,500 was also recovered from the duo identified as Usman Dushap Saha (40) and Abdul Hasan Turk (41), he added.</p>.'Evidence of Rs 1,000 cr money laundering in Maharashtra', says Fadnavis citing I-T press note.<p>Police said that the accused have been booked under various Indian Penal Code (IPC) sections, including 420 (cheating), 489 (B) (using as genuine, forged or counterfeit currency-notes or bank-notes) and 34 (common intention). </p>