According to an official statement, the accused's movements were tracked to Telangana, Haryana, Delhi and Rajasthan before he was caught in Jalore district of the desert state.
"The gang was running a fake currency racket and were trying to bring in fake currencies from Ludhiana to spend it on liquor shops here in Indore," the police said.
He has been arrested from the Haldwani jail in Uttarakhand and was brought to Delhi on transit remand. He was presented in court after which he was sent to four-day custody.
The Special Task Force (STF) of West Bengal on Monday arrested two persons and recovered a huge amount of Fake Indian Currency Notes (FICN) amounting to Rs 10 lakh.
In a mega crackdown on the weapon smuggling mafia, Punjab Police arrested two Rajasthan-based weapon smugglers after recovering eight pistols and fake Indian currency from their possession in Fazilka, police said on Friday.
According to the police, the accused would come from Palghar to run the fake currency racket in Mumbai. They informed further that it was hard to tell the counterfeit notes from the original as the accused used a (glittering) blue plastic strip in the middle of the notes to make them pass of
"The accused works as a painter and a total of 300 fake currency notes in the denomination of Rs 200 were received from him, officials with Mumbai's Malvani police station said while speaking to ANI.