The Thane Crime Branch has arrested a person identified as Kaluram Indavale, for possessing 566 Fake Indian Currency notes (FICN) of INR 500 denomination, worth INR 2.83 lakh on August 12 from Thane in Maharashtra, reports The Hindu. With the information he provided, a counterfeit currency note racket was busted from Igatpuri in Shahpur on August 15.