Alert police foil fake notes fraud

September 10, 2014 08:43 pm | Updated May 31, 2016 12:48 pm IST - VISAKHAPATNAM:

In a well-planned decoy operation, a team from the City Task Force, led by Inspector G.V. Ramana, arrested three persons for allegedly trying to cheat people by selling fake currency here on Wednesday.

The accused, who were identified as Kotamohanti Venkatesh (33), Maddila Laxmi (36) and Rakoti Musalayya (36), were caught by the police near Gandhi Cancer Hospital at MVP Colony. All the three are residents of Venkateswara Colony located in Railway New Colony.

Modus operandi According to Deputy Commissioner of Police (Law and Order) M. Srinivasulu, the modus operandi was unique.

They would coat a genuine Rs.500 note with black ink or oil and approach gullible customers and tell that the black paper can turn into a genuine currency note by using a certain liquid. To convince the customers they would do a small demonstration by using the liquid, which basically is hypo solution or sodium thiosulfate, to turn the black ink coated currency note into a clean currency note. “They would even tell the customer to go to a shop and check the genuineness of the note.

Once they feel that the customer had bitten the bait, they would promise to give the black paper three times for every original note that the customer gives. And after going home the customer would realise that the black ink coated paper is nothing but a plain white paper,” said the DCP.

In Visakhapatnam, they were unable to lure any customer, as the CTF sleuths acted promptly following information. It is learnt that they did cheat a few people in Kakinada, Rajahmundry, Yelamanchili, and Tagarapuvalasa.

The accused were handed over to Three Town Police station (MVP Zone) for further investigation.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.