Four people were arrested on Monday for smuggling and circulating counterfeit currency in Uttar Pradesh's Ghaziabad district and the adjoining towns in the national capital region (NCR), the police said.
The police arrested Lalit Kumar, Ram Madan Chaudhary, Mustakim and Mohammad Umar from Masuri in Ghaziabad district and recovered from them counterfeit currency worth about Rs.150,000.
"Kumar and Chaudhary sourced fake notes from their accomplices in Samastipur in Bihar and then circulated these in the market in the NCR," a police officer said.
"Kumar and Chaudhary supplied these fake notes to Mustakim and Umar - both living in Delhi," the police officer added.
"The four were in this business for quite some time," the police officer said.