Guwahati: A man from Tura was arrested in ISBT Guwahati on Tuesday with Fake Indian Currency Notes (FICN) having a face value of Rs 7 lakh.
As per sources, the man was arrested based on a tip-off.
He was on his way to Tura from ISBT but before the bus started the journey, the police nabbed him.
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On checking him, the police found the FICN in his bag.
The police identified the man as Kinder M Sangma.
Sources informed that the man had purchased the FICN from another person in Guwahati.
He had paid Rs 3 lakh to the other person for the notes but did not reveal who the other person was.
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It has been suspected that the man is involved with an international racket of fake currency smugglers.
An investigation into this connection has been initiated.