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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.
Indian Express
5 days ago
- Indian Express
Fake notes issued by ‘Manoranjan Bank of India': Four of gang held, racket busted
When a man looking to buy a property in South Delhi came out of an upscale CR Park flat on July 4, a bag of cash was given to him by a group of four persons to complete his purchase. He allegedly did not have immediate access to cash for the transaction, and he transferred Rs 40 lakh online to them from his bank account. As he opened the bag after reaching home, he found fake notes, not issued by the RBI but by 'Manoranjan Bank of India', he told police. He realised that he was duped and went back to the flat to confront the accused, but they had absconded. He filed the complaint on July 6 at the CR Park police station. Following an investigation into the case, the fake currency racket was busted on July 9, the Delhi Police said on Monday, adding that the four persons have been arrested. 'The four men met him at the flat in CR Park, where several other people were also present. The accused showed him a large amount of cash, following which the complainant transferred a sum of Rs 40 lakh through online banking. In return, they handed over the bag, and counted a portion of the cash in front of him using a machine,' DCP (South) Ankit Chauhan said. After the complaint was filed, a team under Inspector Girish Chandra of the Special Staff assessed the details of the bank account in which the money was transferred. A tip-off was received on July 9 that the accused would be coming to another flat in the Saidulajab area to execute a similar fraud. 'The team then laid a trap, and a raid was conducted at the flat. Three persons were held.' DCP Chauhan said. The three arrested accused were identified as Nikhil, Prince Pal, and Parvez. On their instance, the fourth member of the gang, Asgar Khan, was also arrested the next day. As the gang was busted, police seized fake currency notes with a face value of Rs 1.25 crore, a cash counting machine, and Rs 7.5 lakh in cash. The bank account used by the gang had Rs 4.5 lakh, which was allegedly duped from one of the victims. The probe, officers said, revealed a coordinated pan-India operation to print and distribute counterfeit notes. 'The role of Asgar was to get the client through lenders who needed immediate cash in exchange for the amount they had deposited in banks. Parvez was to arrange the flat for meetings. Nikhil's role was to manage the bag of cash while Prince Pal assisted them in the counting process,' DCP Chauhan said. The gang had executed similar frauds — two in Tughlakabad to the tune of Rs 1 crore and Rs 18 lakhs respectively, and another in Chattarpur. On the modus operandi of the gang, DCP Chauhan said, 'Before bringing the client, a setup was prepared inside a well-maintained flat — one room had a trunk filled with dummy cash bundles, and another had a cash counting machine placed on a table.' A bundle of Rs 500 notes, which were not fake, would be counted by the machine and handed over to the client to win their trust. Once they would stop checking the other bundles, the fraudsters would then start counting the fake notes at a faster speed and pack them up in a bag, the police said.
