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Mumbai police arrested two men for a fraud scheme claiming fake chemicals could turn paper into real currency, targeting a businessman who lost Rs. 7 lakh.
Mumbai police have arrested two men, Pawan, 25, and Sar, 47, in connection with a fraud scheme claiming ordinary paper could be turned into Indian currency using fake chemicals.
The suspects targeted a 34-year-old businessman from Goregaon West, convincing him to hand over around Rs.
7 lakh based on demonstrations that appeared to multiply money.
After applying a powder to paper bundles, the suspects claimed the notes would transform into real currency, but the bundles contained only plain paper when opened.
Police traced and arrested the suspects in Bihar and Uttar Pradesh using technical intelligence and local cooperation.
Authorities believe the duo ran similar scams for years and are investigating the full scope, urging the public to remain vigilant and report suspicious offers of money multiplication.
La policía de Mumbai arrestó a dos hombres por un esquema de fraude que afirmaba que los productos químicos falsos podían convertir el papel en moneda real, apuntando a un empresario que perdió Rs. 7 Lakhs. ¿Qué es eso?