Vijayapura , Mar 10 (UNI) Police has arrested a 34 year-old man and seized a fake currency printing machine in KEB Colony in Indi town in the district on Sunday.
Police said that the accused was identified as Kalappa Harijan.
Indi town PSI Ravi Yadavananavar said that on getting a clue a team of the crime branch raided a house in the KEB colony and seized fake currency printing machine and some blank papers meant for printing the fake currency.
The accused used the printing machine to print the fake currency then cut it to dimensions of original currency notes. They would affix watermarks of Mahatma Gandhi and electrotype 2000 numeral using screen printing materials. However, there is a huge difference in the paper quality of the original and the fake notes. But the accused would insert the fake notes into a bundle of cash being exchanged.
They have been exchanging the fake currency for original cash mainly with farmers and cattle traders.
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