Sunday, May 14, 2006

Busting Of Note Doubling Racket: Two Arrested

The Anti Rowdy Squad has busted a note doubling racket in the city and arrested two persons hailing from Shimoga .

Their names being:
  1. Thimmaraju @ Raju @ Ravi Kiran (35) R/o Shanthinagar Shimoga

  2. Hamsa Mohammed (40) R/o Basavanagudi Shimoga
On the afternoon of 14-05-2006 Mr.Vinay Gaonkar Police Inspector on receipt of credible information that a note doubling party hailing from Shimoga is staying in a lodge at KSR Road, rushed to the said lodge along with Anti Rowdy Squad Staff and found the above mentioned persons in a room. On examination of their belongings, police found a huge bundle of Rs 100 notes and another boundle of Rs 50 notes wrapped with transparent polythene sheets and rubber bands. On thorough examination it was found that only a few 100 and 50 Rupees notes were kept on the top and below the bundles and in between these genuine notes, plain paper sheets of the same size were kept to make it belive that it contains huge money. On interrogation of the suspects, they confessed that they are basically cheaters and cheat people in the pretext of supplying fake notes. They offer gullible people that they will give Rs 5 lakhs fake notes in exchange of Rs 1 lakh genuine notes. On that promise they take genuine notes and give these type of bundles wrapped neatly and escape from the scene.
They also told the police that they had come to Mangalore in the lookout for such deal and make a fast buck.
The two fake bundles containing 11 notes of Rs 100 denomination and 13 notes of Rs 50 have been seized.
In this connection a case of attempt to cheat has been registered in Mangalore North PS and investigation is on. The accused persons are being interrogated further to find out their involvement in similar frauds else where earlier.
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