Four persons, including an ex-serviceman and a lawyer, were arrested on Friday in connection with circulation of counterfeit currency notes of ₹500 denomination in Nungambakkam.
The notes with a total face value of ₹42 lakh were seized by the police.
The police said Mani, 26, of Pushpa Nagar, a vegetable vendor at Valluvar Kottam bus stand, was approached by a customer who gave him four ₹500 notes on Thursday. On receiving the notes, Mani suspected them to be counterfeit and alerted the police.
A team from the Nungambakkam station rushed to the spot and took the customer, Annamalai, 65, an ex-serviceman from Balaji Nagar, Pallikaranai, for questioning.
After interrogation, on the orders of Additional Commissioner of Police, South, Prem Anand Sinha, and under the direct supervision of Deputy Commissioner, Triplicane, Deshmukh Sekar Sanjay, the police arrested Annamalai, his friend Subramanian, 62, a lawyer from Virugambakkam, who had printed the counterfeit notes with printing and cutting machines, and two other persons.
The currency and the equipment were seized.
