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Fake notes with a face value of Rs 2,31,200 were seized from him, he said. The notes were in Rs 2,000, Rs 500 and Rs 100 denominations, the official said.
Police are now finding out the source of the currency and also to whom it was to be delivered, he said. Mahato originally hails from Hazaribagh in Jharkhand and was currently residing in the Wagle Estate locality here, police added.