Police raided the lodge on a tip-off on Sunday and seized the fake banknotes in the denomination of Rs 200 having the face value of Rs 2,01,200.
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The city police seized counterfeit currency with the face value of Rs 2 lakh and arrested three men from a lodge at Kalyan in Thane district of Maharashtra, an official said on Monday.
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Police raided the lodge on a tip-off on Sunday and seized the fake banknotes in the denomination of Rs 200 having the face value of Rs 2,01,200.
The arrested men are identified as Mohammad Arif Bashir Ahmed, Suraj Krishna Pujari, and Karan Raju Razak, he said.
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A case has been registered under section 489 (Possessing as genuine forged or counterfeit currency-notes or bank-notes) of the Indian Penal Code (IPC) at the MFC police station, he added.
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