Coimbatore: The Tirupur rural police arrested a 34-year-old man on Sunday night for possession of fake currency notes amounting to Rs 2.73 lakh.
The accused was identified as P Kannan from Kumbakonam in Thanjavur district.
The arrest was made by Kangeyam police sub-inspector K Shanmugam while conducting vehicle checks on Tirupur – Kangeyam Road at Padiyur police. When the police team tried to stop a motorcycle, the rider attempted to escape. The police team caught him after a chase and found fake currency notes amounting to Rs 2.73 lakh in his bag.
The accused told the police that he had taken colour photocopy of the currency notes at his house. The fake notes were in denominations of 2,000, 500, 200 and 100. He was attempting to circulate the fake currency notes in Tirupur district.
Police booked him under Section 489 (a) (c), (d) of the Indian Penal Code. He was later remanded in judicial custody.