Members of Rapid Action Battalion (Rab-4) yesterday recovered fake Indian Rs 35 lakh at Kalapani in Pallabi and arrested one person in this connection.
The arrestee was identified as Akram Hossain, 20, a resident of the area.
Deputy Director (DD) Lieutenant Commander Arafat Islam of Rab-4 told The Daily Star that Rab detectives seized a bag from Akram containing notes of 500 and 1000 fake rupees as he was trying to flee the spot sensing the presence of Rab personnel.
Akram told Rab that he was asked to hand over the rupees to someone at a place for he would get an amount.
Rab officials said they suspect Akram is a member of a gang of a network involved in producing fake currency notes for smuggling these to India.
They said they will be able to arrest other members of the gang after interrogating Akram, declining to talk further in this regard.