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FOREIGN CURRENCY EXCHANGE FRAUD: Hyderabad police have arrested an INTERSTATE GANG which is committing fraud in the name of FOREIGN CURRENCY EXCHANGE. 7 lakh 47 thousand in cash and a Bajaj Discovery two-wheeler were seized from them. The task force team and the North Zone team conducted a joint operation and arrested the interstate gang. Seven were handed over to Boyn Pally police. Police say to be vigilant with currency exchange gangs. Anyone approached with an offer of foreign currency exchange is advised to inform the concerned police station immediately.
Four from Delhi, two from Bihar and one from UP
Mohammad Imran Sheikh, Wahid Sheikh, Hasim Alam, Kulsum, Mohammad Ali Sheikh, Nisha, Sheikh Nisar Ahmed are members of the gang. Four of them are from Delhi, two from Bihar and one from Uttar Pradesh. Boyinpally and Tirumalagiri police filed cases against them under sections 379 and 420. The arrested suspects approached traders with dirhams for currency exchange. Traders were asked to bring Indian currency after luring victims with low exchange rates. After taking Indian currency from them, they handed over a bundle of dirhams. A few dirham notes were placed on top and shown to the victims, while the rest of the bundles were filled with folded newspapers. Victims were warned not to open the bag in public.
In the past, some have committed frauds in the name of foreign currency exchange. Police say to be alert for such people. In Nizamabad district, people from West Bengal have committed fraud in the name of foreign currency exchange. A person named Ejaz Khan of Banswad was given Rs. 5 lakhs of foreign currency worth Rs. They believed that they would give 2.5 lakhs. They took 2.5 lakhs, handed over a bag and left. On opening the bag, the victim lodged a complaint with the police after seeing scraps of paper and newspapers in it.
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