Fraudulent Currency Duplication Scam Busted
A gang involved in a scam to quadruple investors' money has been busted in Gokak, involving two Maharashtra policemen. They tricked victims using fake demonstrations of currency duplication. Seven people arrested and fraudulent materials seized included a heating machine and black liquid.
- Country:
- India
A gang orchestrating a money duplication scam has been dismantled in Gokak, officials announced on Tuesday. Among the seven arrested were two police officers from Maharashtra, Anant Prakash Narawade and Dildar Rabbani Shaikh.
The group lured victims by asserting they could multiply money using a special chemical process. Victims handed over genuine currency notes, witnessing bogus demonstrations involving Rs 500 notes and blackened papers seemingly transforming into more notes through heating and powder treatments.
This scam took place in a residence near a Srinagar temple. Following the ruse, victims discovered the fraud as the perpetrators fled with original cash. Police confiscated a heating machine, black liquid, blank paper, mobile phones, and a small cash sum from those apprehended.
ALSO READ
-
Massive Housing Scam Uncovered in Mumbai: Vigilance Audit Launched
-
SARS Cracks Down on Alleged R45 Million Tax Fraud, Targets Internal Corruption Network
-
ECL Director Denied Bail in Multi-Crore Investor Fraud Case
-
Maharashtra's Cyber Crackdown: Tackling Investment Scams
-
Trump's National Task Force to Combat Welfare Fraud Sparks Controversy
Google News