Officials of the Wanwadi police station have arrested a 45-year-old man and seized fake currency notes with a face value of Rs 2.70 lakh from him. The police said the accused, Vasant Jagtap, had learnt about the counterfeit currency racket from a Bangladeshi inmate in jail last year.

The arrest was made on Tuesday, and during the investigations that followed the police came to know that the arrested person had been in Kalyan jail as a convict in a murder case.