A 42-year-old man, who deposited five counterfeit notes in Rs 500 denomination at an ATM kiosk in Kothavalchavadi, was arrested on Thursday based on a complaint from the bank.
The counterfeit notes had been mixed with four notes in Rs 2000 denomination and 59 notes in Rs 500 denomination, totalling Rs 40,000. It was deposited into the account of Chandra Prakash Kankariya.
The manger lodged a complaint at the Kothavalchavadi police station and Chandra Prakash Kankariya was picked up for interrogation. He allegedly told police that he deposited Rs 2.40 lakh in total in two instalments, the business collection for the day, through the ATM kiosk and did not know there were counterfeit notes mixed in it.
The police suspect that the notes might have been given to him by the customers and he deposited them at the ATM kiosk without checking them properly.
However, he was arrested and remanded in judicial custody on Thursday.