Doubling money with liquid: Four arrested for duping man of Rs 6.50 lakh

The police recovered Rs 50,000 in cash and fake currency of Rs 15,000.

By: Express News Service | Ludhiana | Published: February 6, 2015 12:00 am

The Daba police on Thursday claimed to have busted a gang of four miscreants who duped a man of Rs 6.50 lakh on the pretext of doubling his money.

The man sold his home to arrange the money and handed it to the accused. The accused gave him another bag and asked the accused not to open it for one week. When the man opened the bag after one week, he found fake currency notes. By then the accused had run away taking his Rs 6.50 lakh.

The police laid a trap and arrested the accused on Wednesday. The police recovered Rs 50,000 in cash and fake currency of Rs 15,000.

The accused have been identified as Nabi Hasan alias Mangal of Motihari of Bihar, Ajit Kumar of Khudari village of Gaunda of Uttar Pradesh, Mehmood Alam alias Sunny of Sidhant Nagar of Uttar Pradesh and Mehfooz alias Kasim of Balrampur of Uttar Pradesh. Ajit Kumar is the kingpin of the gang.

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The case was registered following the statement of autorickshaw driver Mohan Singh from Gagan Nagar of Daba. Mohan was convicted in a murder case and was out on bail.

Mohan told the police that the accused met him through a man who was also lodged in the Ludhiana central jail with him. The accused lured him saying that they had a magic liquid that can double the cash.

Mohan sold off his house for Rs 6.50 lakh and handed it over to the accused. The accused took money from him and handed over a bag containing fake currency notes.

According to Additional Deputy Commissioner of Police (City 2) Jasdev Singh, the complainant told the police that the accused had asked him not to open the bag for at least seven days, as the liquid that they had applied on the currency notes used to take seven days to double the currency notes. They also told him that the liquid stopped working if it came in contact with light and air.

The police apprehended the accused following a tip-off on Wednesday. Assistant Commissioner of Police (south) Rupinder Kaur Saran said that instead of ‘Reserve Bank of India’, ‘Indian Manoranjan Bank’ was printed on the fake currency notes.

Inspector Jatinder Kumar, SHO at Daba police station, said the accused had procured the fake currency notes from Mumbai. The accused also confessed that they had duped several people in Mumbai on the pretext of doubling their money.

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