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Two scribes among four held for currency fraud in Asifabad

Kumram Bheem Asifabad: Four persons, including two scribes, were arrested for allegedly duping gullible tribals by exchanging demonetised high value currency notes of Rs 500 and 1000 with Rs 2,000 notes in Morriguda village of Tiryani mandal.

Scraped currency notes worth RS 10.8 lakh were recovered from their possession. The four were produced before a court. Tiryani sub-inspector B Sreenivas said that the accused were Ramakrishna, Ramesh, Satheesh and Laxman belonging to Bellampalli and neighbouring villages. Ramakrishna and Ramesh are businessmen. Both Satheesh and Laxman are reporters of news channels. 

On being interrogated, the four confessed to cheating tribals by promising to offer 25 per cent of income for exchanging currency notes with demonetised ones. They convinced tribals that the scraped currency could still be deposited with banks. They admitted that they formed a group and were indulging in the offence. They revealed that they targeted tribals because they were innocent and could be easily duped. Earlier, cops laid a dragnet to detain the offenders. They posed as officials of banks and managed to arrest all of them by carrying out operation for three days. A case was registered against the four under Section 420 (Cheating) of IPC and Specified Bank Notes (Cessation of Liabilities) Act, 2017. Investigations have been taken up.

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from Telangana – Telangana Today

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