Mumbai Rehan Khan, a key accused in connection with a fake currency racket, had frequently changed his location and identity after the Directorate of Revenue Intelligence (DRI) arrested three men, including a Congress leader, with counterfeit notes with a face value of Rs8.9 lakh on October 7. The 35-year-old was finally arrested from his relative’s home at Shilphata in Kalyan on Monday. The agency seized Rs 9.75 lakh in fake Rs 2,000 and Rs 500 notes from him.Khan’s name cropped up during the investigation of Haji Alam Shaikh, secretary North Central District Congress Committee, and two others. During the search, DRI recovered fake Rs 2,000 notes which mentioned ‘Children’s Bank of India’ in place of Reserve Bank of India, with a face value of Rs 6 lakh. Further search resulted in recovery of good quality fake currency of Rs 9.75 lakh.“Khan a resident of Goregaon was absconding since the arrest of Shaikh. He had managed to escape twice,” said an officer.Khan’s involvement was further highlighted when a man walked in DRI’s office on Friday and handed officers counterfeit notes with a face value of Rs 1.92 lakh. “He claimed that he had received these notes from Khan who bought an SUV from him. “We have seized a Fortuner which,” said the officer.A DRI officer said Khan is also linked with a political party. “He has splurged lakhs in bars, kept bodyguards and roamed in the SUV,” said the officer. Khan also claimed to be an activist.Investigations also revealed Khan’s capers during demonetisation. “He promised people to exchange old notes. During the actual transaction, he would stage police raids and flee with money,” said the officer. Khan told officers that he had received Rs 10 lakh in fake currency from one Imran Shaikh in return of Rs 5 lakh in original currency.