Latest news with #ManoranjanBank
New Indian Express
5 days ago
- New Indian Express
Four pose as money exchangers to dupe man of Rs 40 lakh, arrested
NEW DELHI: Four members of a gang were arrested in South Delhi for allegedly duping a man of Rs 40 lakh by posing as money exchangers. The accused reportedly lured the victim, who needed cash for a property purchase, and gave him counterfeit notes of Manoranjan Bank, a police official said on Monday. A complainant stated that on July 4, he met some individuals who claimed to be in the business of exchanging bank-deposited money into cash. They met him at a flat in CR Park. The accused showed him a large amount of cash, following which he transferred Rs 40 lakh to their account through online banking. They handed over a bag containing what was purported to be cash; they counted in front of him using a counting machine, the official added. However, when the complainant opened the bag later, he discovered that it was filled with fake currency notes marked with 'Manoranjan Bank of India'. The alleged people absconded from the location. police said. 'The CCTV footage revealed that the accused person was using WhatsApp calls to contact the complainant. Money trail analysis traced the bank account where the amount was transferred. Acting on a tip-off that the alleged person would come in a flat at Saidulajab, three people identified as Nikhil, Prince Pal, and Parvez were apprehended,' Deputy Commissioner of Police (South) Ankit Chauhan said.'Police recovered Rs 1.25 crore in dummy notes, Rs 7.5 lakh in cash, Rs 4.5 lakh frozen in a bank account, a cash counting machine,' the DCP added. 'The next day, another accused, Asgar Khan, alias Bunty, was nabbed. Khan said that he learnt the cheat tactic from Nasim, a resident of Bihar, who also committed the money exchange frauds pan India. The role of Khan is to get the client through liners who need fat cash in lieu of their fat money deposited in banks. Parvez's role was to arrange the flat and set up there. Nikhil's role was to manage the bag where the cash bundle is kept after counting. Pal assisted them in the process. Some more people also assisted them in the scam, who are being identified,' the DCP further said.
Time of India
6 days ago
- Time of India
Rs 40 lakh gone in minutes! How a Delhi man got tricked with 'Manoranjan Bank' notes in elaborate 'money exchange' fraud
In Delhi, a man lost Rs 40 lakh to fraudsters posing as money exchangers. The gang, operating from a rented flat, used dummy notes from 'Manoranjan Bank.' After the victim reported the crime, police arrested Nikhil, Prince, Parvez, and Asgar. Authorities seized over Rs 1.2 crore in fake notes, Rs 7.5 lakh in real cash, and a cash-counting machine. Tired of too many ads? Remove Ads Delhi Police bust gang, recover fake money Over Rs 1.2 crore in dummy 'Manoranjan Bank' notes Rs 7.5 lakh in real cash Rs 4.5 lakh frozen in a bank account A cash-counting machine Mobile phones used in the fraud How the scam worked Tired of too many ads? Remove Ads Who was involved? Asgar found potential victims Parvez arranged rented flats Nikhil managed the display cash Prince assisted in operations Police also linked them to three other big frauds: Rs 1 crore scam in Tughlaqabad Rs 30 lakh case in Chhatarpur Rs 18 lakh fraud, also in Tughlaqabad Case registered, probe continues A man in Delhi was duped of Rs 40 lakh by a gang posing as money exchangers. The group set up a fake currency exchange in a rented flat and handed the man a bag full of dummy notes labelled 'Manoranjan Bank'.According to a TOI report, the man met the group on July 4 in a flat at CR Park. He had arranged Rs 40 lakh to buy property and was offered a cash deal by the accused. They showed him a trunk of notes and even used a cash-counting machine to make the scene look counted a real bundle of Rs 500 notes in front of him, convincing him to transfer the money online. But after the deal, the man realised the bag was full of fake July 6, the victim reported the case to the CR Park police station. A team led by DCP (South) Ankit Chauhan began a probe and arrested three suspects, Nikhil (24), Prince (20), and Parvez (43), on July 9 from Saidulajab, IGNOU Road. The next day, a fourth accused, Asgar (39), was included:The accused used clever tricks to fool victims. The flat was staged to look like a legitimate money exchange point. A real Rs 500 bundle was counted in front of the victim. Then, using a hole in the bed, it was secretly swapped with fake bundles by a person hiding victim was handed the fake cash while the gang one of the accused, said he learned the scam from Nasim, a man from Bihar, who ran similar rackets across India. Each gang member had a specific role:A case has been registered under relevant sections of the BNS. Police are still investigating and looking for other gang members involved in similar from TOI
Time of India
6 days ago
- Time of India
Man loses Rs 40 lakh only to get ‘Manoranjan Bank' notes
New Delhi: A gang of fraudsters masquerading as money exchangers was busted by Delhi Police after they duped a man in south Delhi of Rs 40 lakh using "Manoranjan Bank" notes. Their setup was elaborate: a rented flat made to look like a legitimate money exchange point, a cash-counting machine humming in the corner, a trunk seemingly filled with cash, and a hidden hole in the bed that was central to their sleight of hand. Four accused were arrested in connection with the crime. The case came to light on July 6 when a man approached CR Park Police Station. DCP (South) Ankit Chauhan said the man arranged Rs 40 lakh to buy a property and met a group on July 4 who offered to exchange bank funds for cash. "At a CR Park flat, they showed him a trunk of cash and used a counting machine to make it look genuine. He transferred Rs 40 lakh online but later found the bag was filled with fake notes," Chauhan said. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi A case was registered and three people—Nikhil (24), Prince (20) and Parvez (43)— were arrested on July 9 following a raid at Saidulajab, IGNOU Road. The next day, Asgar (39), was nabbed. Police recovered over Rs 1.2 crore in dummy notes, Rs 7.5 lakh in cash, Rs 4.5 lakh frozen in a bank account, a cash counting machine, and a mobile phone used in the fraud. During interrogation, Asgar revealed that he learned of the scam from a man named Nasim from Bihar, who ran similar frauds across India. Each member had a defined role: Asgar looked for clients seeking large cash withdrawals, Parvez arranged the rented flats, Nikhil managed the cash bundles, and Prince assisted in operations. "The gang used a staged environment to trick victims. A genuine Rs 500 bundle would be counted in front of the client, then stealthily swapped with fake bundles via a hole in the bed connected to a hidden accomplice. The client was eventually handed a bag full of dummy notes while the gang vanished," the DCP added. Police have linked them to three additional cases: a Rs 1 crore fraud in Tughlaqabad, a Rs 30 lakh fraud in Chhatarpur and a Rs 18 lakh case, also in Tughlaqabad.
