The Police raided a house in PWD quarters in Vishvesvaraya Nagar on Tuesday night and seized huge amount of FAKE notes of denomination of Rs.2000 and 500.
Ajit Nidoni has been arrested in this case and the police are investigating the matter.
Sources say the total value of the Fake notes seized are to the tune of 7 crores Plus and were seized from the residence of Manjunath Korti. The Fake currency were kept in a safe in the house. Sources also say that Nidoni was involved in fake currency racket earlier as well.