Guwahati: The Barpeta Police in Assam busted a fake currency racket arresting an alleged money launderer with counterfeit notes having a face value of Rs 5 lakh.
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The accused has been identified as Mustafizur Rahma.
He was arrested near the Shawpur petrol pump in Kolgachia.
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Police said the accused was on his way from Howli to Abhayapuri to supply the fake currency note.
Rahman who is a businessman is accused of being involved in the illegal trade for some time now.
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Police are now conducting further investigations into the matter to unearth the network of fake currency smugglers in the state.