Home / Crime and Justice / Fake Money Scam: Rs 16.5 Lakh Becomes Paper!
Fake Money Scam: Rs 16.5 Lakh Becomes Paper!
13 Dec
Summary
- A man was defrauded of Rs 16.5 lakh in a 'double your money' scam.
- The gang used a modified cot and sliding panel to swap cash for paper.
- Six gang members arrested, luxury cars and fake documents seized.
A man seeking to rapidly increase his wealth fell victim to a sophisticated 'double your money' scam, losing Rs 16.5 lakh. He handed over the substantial sum with the expectation of receiving double the amount back within days, only to discover the bag contained mere paper. This incident led to the swift apprehension of six individuals involved in the fraudulent operation.
The gang employed a clever ruse, utilizing a specially modified cot and a hidden sliding panel within a flat. Victims would hand over their money, which was then discreetly swapped for staged bundles of cash topped with genuine notes. The perpetrators would then escort the victim away, disappearing with the stolen funds.
Authorities successfully dismantled the ring, arresting six members from an under-construction building. Seized items included Rs 5.8 lakh in cash, luxury cars, and fake documents. The investigation revealed the gang operated using aliases and targeted gullible individuals promising unrealistic financial returns.
