Delhi Police arrest four for duping man of Rs 40 lakh

Four fraudsters, who duped a man of 40 lakh posing as money exchangers, were arrested by the police from South Delhi with bundles of fake currency notes, an official said on Monday.

The arrested individuals claimed to arrange Rs 40 lakh in cash for the victim, who needed the money to acquire a property.

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“Our team carried out a raid on Wednesday at a flat in Saidulajab near IGNOW Road after the victim alleged that he was given the mentioned amount, but all marked with Manoranjan Bank of India instead of Reserve Bank of India,” said Ankit Chauhan, Deputy Commissioner of Police.

He further said, “While carrying out the operation, we recovered Rs 1.25 crore of dummy notes, Rs 7.5 lakh in cash, Rs 4.5 lakh frozen in a bank account, and a cash counting machine along with a mobile phone which was used in the crime.”

Nikhil Srivastava (24), Prince Pal (20), Parvez Akhtar (43) and Asgar Khan (39) were held in connection with this case at CR Park Police Station. The police said they targeted people who wanted large amounts in cash.

The matter came to light on July 6 when the complainant approached the police. He said he was arranging the amount with the intention of buying a property and later came in contact with people who claimed to arrange the required amount for him in cash if he transferred them the amount in his bank account.

“The complainant met the accused at a flat in CR Park on July 4 in front of many people. They showed him bundles of what appeared to be cash. After they gained his trust, the man fell into the trap, and Rs 40 lakh went to their bank accounts,” the DCP said.

“The man was handed over a bag full of dummy currency notes which had also been counted in front of him,” the officer added during a press conference.

Later, when he returned home with the bag allegedly filled with cash, he found that it had the dummy notes with the print of ‘Manoranjan Bank of India’.

Following his complaint, a case was registered and the police teams meticulously scanned the CCTV footage from the vicinity of CR Park. The bank transactions and technical details were looked into.

Eventually, the police were able to track down the accused, and on Wednesday, three accused were apprehended in a flat in Saidulajab, and later, Asgar Khan was arrested the next day.

“While questioning the arrested individuals, they admitted to having cheated more people. So far, three additional cases have come to light from Tughlakabad, where they cheated Rs 1 crore,” the DCP mentioned.

A case has been registered under the relevant sections of the BNS, and further investigation into this matter is ongoing by the police team.