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A man was arrested with 382 counterfeit currency notes from Chunel village of Kheda district on Friday,the police said.
A joint team of the Local Crime Branch (LCB) and Special Operations Group (SOG) intercepted one Govind Lalabhai Talpada while he was moving in his car.
According to the police,Talpada had hidden 380 fake notes of Rs 100 denomination in a cloth near the cars gear box. Two fake notes of Rs 1,000 denomination were found from his shirt pocket,they added.
Further interrogation revealed that Talpada had purchased over 500 counterfeit notes from three persons for Rs 1.5 lakh,the police said.
Two of the three sellers were from Ahmedabad and one was from Mumbai,they said,adding that Talpada had not revealed their names.
LCB Inspector B P Rojya said a complaint has been registered against four people including Talpada and further investigations are on.
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