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Police suspect the notes might have been used by real estate players to dupe people by putting up a show of wealth.
In this second part of the interview with Galfar Mohamed Ali, he talks about the future of Galfar, Kerala's untapped tourism potential and much more.
Two firms alone reportedly have an investment of Rs 80 crore.
The fake notes recently seized from Edathua-based Agriculture Officer M Jishamol were found as good as the original.
The ED said the investigation is underway to unearth more investments made on behalf of Prasad's family and their associates in various sectors, including real estate, at various places.
The amendments came into effect from March 7 onwards.
According to Alappuzha South Police, the incident came into light when a person handed over seven fake notes that he got from Edathua Agriculture Officer M Jishamol to a bank.
The Vigilance caught them red-handed based on the complaint of a Chavakkad native.
Aid above Rs 3 lakh only through Cabinet approval
The money that various government departments, grant-in-aid institutions, Boards, and self-financing institutions had drawn from the treasury and kept in banks for various expenses and as advance is to be returned