The two are: Shyam (37) and Srinivas (35). Several cases have been booked against them in Byappanahalli, JB Nagar, Ashoknagar, Frazer Town and Nandini Layout police station limits. Ravi, a resident of Sunkadakatte, and Rajan, a resident of Kerala, used to supply fake notes to the accused, police said. DCP (crime) BR Ravikanthe Gowda told reporters on Monday the accused were arrested on Kammanahalli main road in Banaswadi police limits while they were trying to circulate these notes. “We found them asking people for change for fake notes,” he said.
“The police have been keeping vigil on some suspects involved in the fake currency racket in the City following the arrest of some people on similar charges in Hyderabad and Mumbai,” he said.
Mr Gowda said these notes were being supplied in the country by some terrorist groups. The anti-terrorist squad of CCB had arrested Dorai Raju, a resident of Byrasandra, and Babu, a resident of Frazer Town, in February, on similar charges.
“Shyam was one of the accused, but we could not catch him,” he said. Police are in touch with their counterparts in Mumbai and Hyderabad. “It is not known whether underworld don Dawood Ibrahim is behind the racket,” he added.