The 16-year-old, a resident of Dhaniv Baug, Nalla Sopara (E) went to a grocery shop on Veer Savarkar Road in Virar (east) to make some purchases on Thursday. He produced a Rs 1,000 note. The shopkeeper found the currency fake and informed the Virar police.
The police recovered nine Rs 1,000 notes from the teen, all of which turned out to be fake.
The teen told the police that the currencies were handed over to him by his friend, who had come from West Bengal. The teen was asked to circulate the notes and was promised a good amount.
The police booked the teen under sections 489 (tampering) and 420 (cheating) of the IPC. The Vasai sessions court on Friday send him to the Bhiwandi Children Remand Home.
The notes are believed to have been procured from Bangladesh and brought to Malda in WB. It was later distributed across the country.
Police have launched a search for the suspect, whose identity has not been disclosed.
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