The Birmaharajpur police busted a fake currency note racket and arrested three persons in Subarnapur district on Friday. Fake notes worth Rs 42,500 were seized from their possession.
The arrestees were identified as the main accused Rajesh Kumar Sahoo of Gudvelipadar, Sarbeshwar Mishra of Panisali village in Subarnapur district and Ranjit Nayak of Manamunda in Boudh district.
Meanwhile, another accused Ramananda Pradhan is still at large and police have launched a manhunt to nab him.
“On April 14, they bought four goats from Thengua area with help of fake notes worth Rs 40, 500 all in Rs 500 denomination,” said Birmaharajpur SDPO Dhiraj Kumar Choppadar.
A complaint was lodged with police by the trader who sold the goats and found that the notes were fake, he added.