Vadaserry police have arrested an old man for allegedly attempting to circulate fake currency notes.
Police said surveillance in and around Vadaserry bus stand was intensified on Saturday following a tip-off on possible circulation of fake currency notes in the market.
When Lakshmanan (60) of Sivakasi landed at the terminus from a bus from Thiruvananthapuram and tried to circulate the counterfeit currency notes with the help of his associate Thangaraj, the police nabbed Lakshmanan while Thangaraj escaped.
Police seized ₹ 1-lakh worth 200 fake currency notes in the denomination of ₹ 500.
Investigations are on to arrest Thangaraj and to ascertain the source of fake currency notes.