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The accused has been identified as Prashvit (25) a resident of Majeshwar in Kerala.
CCB police said the accused was apprehended on Sunday, December 17 during a raid conducted near Kankanadi based on a credible tip-off.
The accused was found in possession of counterfeit currency denominations of Rs 500, Rs 200, and Rs 100, police said, adding that he is estimated to have circulated 8 to 9 thousand rupees in fake currency.
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