The accused were identified as Bairagi Nayak (38) of Barapada village under Chhendipada police limits in Angul district, Mandardhar Pradhan (52) of Anantpalli village under Athamallik police limits, Rasananda Nayak (48) of Bahali village, Prakash Kumar Nayak (44) of Ankula village, Shatrughna Dhal (55) of Jamjuri village under Naktideula police limits in Sambalpur district and Santosh Sahu (53) of Mudipada in the town.
A case was registered in this connection and the accused were produced in a court Monday, Mohanty said.
The matter came to fore when Santosh went to a betel shop at Farm Road and demanded change from the shopkeeper after handing him a fake note of Rs 500 denomination.
The shop owner pulled up Santosh after he found the note fake. However, Santosh showed him a number of notes by claiming them to be original. The shop owner raising doubts informed the matter to Town police.
A bike without having any registration number was seized from Mandardhar while a bike having registration number (OR-19F-1762) was seized from Bairagi’s possession.
Prakash admitted to have brought the fake notes from the mastermind of the racket living in Bhubaneswar who gives them Rs 5000 fake notes in exchange of Rs 1000 genuine notes. They use the fake notes in buying and selling goods in Sambalpur town and on its outskirts.