A 32-year-old handcart puller was arrested with fake currency worth Rs 2.7 lakh from Borivli on Monday afternoon.
The accused, Miraz Haidar Shaikh alias Sameer, was carrying the sum in the form of 98 notes of Rs 500 and 360 notes of Rs 1,000, when he was arrested.
Rajendra Thakur, senior police inspector of Kasturba Marg police station, said, “ Based on a tip-off we found Shaikh, a native of West Bengal, moving suspiciously near Dhanshyam Tower at Borivli (East). When our officers frisked Shaikh, we found he was carrying the fake currency after which we arrested him.”
The police added the fake notes were of good quality.
An officer from Kasturba Marg police, on condition of anonymity because his not authorised to speak to the media said, “Shaikh told us he was working as a hand cart puller and barely managed to meet his expenses.
He agreed to circulate fake currency as he was promised Rs 350 for every fake 1,000 rupee note he circulated in the market.”
Shaikh, who resides at Damu Nagar at Kandivli, told one Mamu, also a native of West Bengal, gave investigators the notes to him.