Four persons, including a student, were arrested in Perambur on Friday for allegedly being involved in a money doubling scam.
According to the police, money doubling gangs carry black sheets and a solution with them. “The gang will apply the solution on two genuine notes, smeared with black paste, hidden in the bundle of black sheets. The targets are deceived when the colour fades and the real rupee is seen,” said a senior police officer.
They only partially dip the notes in the liquid, claiming that it is very rare. They say that with the solution, they can convert black paper into real money and charge a huge amount for the solution and the black paper. “They collect the money and flee under the pretext of getting more liquid,” said an officer.
The police employed a decoy to contact the suspect. They were called to Perambur. “They said they would give him black paper and the solution for nearly Rs. 5 lakh,” said the officer. The suspects were identified as Thomson, Mallika, T Rajan and Mohammad Yusuff.
