State police has arrested three people from Shivnagar, Udham Singh Nagar and has seized fake Indian currency notes with the face value of `1.40 lakh from their possession.
The accused have been identified as Aseem Pandey, Mithun Pandey, natives of Rampur (Uttar Pradesh) and Satyajeet Mandal, resident of Transit Camp, Udham Singh Nagar.
During interrogation one of the accused said that he had obtained fake currency with a face value of `1.40 lakh for genuine currency worth `45, 000 from a woman from West Bengal. He said the woman had asked him to circulate it in the markets. However, the accused denied having known her name or address.
A case under sections 489/b/489c of IPC was registered against the accused in Transit Camp police station, Udham Singh Nagar.
Police acted after receiving a tip-off that a person carrying fake Indian currency notes had been roaming around Shivnagar, under Transit Camp police station area with an intention to circulate it in the market there.
A team comprising sub-inspector Sushil Kumar was formed. The team rushed to the area in search of the accused. Team saw three suspects were moving around Transit area on Friday. They were arrested after being questioned. Police recovered fake notes with face value of `1.40 lakh from the bag of one of trio arrested.
The accused had admitted his offence, police said. He will be sent to jail after being produced in the court, a police officer probing the case said.