Police seized fake currency notes worth Rs 1.31 lakh from a BJP Yuva Morcha leader’s residence in Kerala, on 22 June, the Times of India reported.
Erassery Rakesh, 31, was arrested from Sree Narayanyanpuram in connection with the seizure. Police suspect that Rakesh's brother, Rajeev, was also involved in the case.
Rakesh is a regional committee member of the Yuva Morcha. The brothers have been expelled from the party, the daily quoted party district president A Nagesh as saying.
The raids were carried out after it was alleged that the brothers had become rich in a short period of time and were suspected of being involved in a money lending business, Times of India reported.
A senior police official told the daily that the duo scanned original valid currencies and printed them out on bond papers making it difficult to identify the fake currencies.
Those notes were reportedly used in petrol pumps and at bars.
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