Lucknow: Four persons were arrested in Amroha district of Uttar Pradesh as part of a racket involving selling of fake national savings certificates (NSC) worth Rs 1 crore, police said on Thursday.
Two of them were arrested when they presented the NSCs at a local branch of a bank while seeking a loan.
Their interrogation led to the arrest of two of their accomplices, police said, adding a car was also seized.
Of the four, three are from Moradabad and one is from Udham Singh Nagar, a police officer told IANS.
The police said a person identified as Master from Delhi is the key accused in supplying the NSCs. He is absconding, police added.
A case has been registered against the accused and they have been sent to jail, police said, adding further investigation was on.