BENGALURU: In a demonetised foreign money alternate racket, six persons were arrested on Friday and notes price Rs 90 lakh in Rs 500 and Rs 1,000 denomination were seized from them. The scam came to gentle a day after Revathi, a resident of Vijayanagar, filed a pretend robbery case towards five co-accused — Vinod Kumar, Rakesh, Ravi alias Ravindra, Renuka Prasad and Basavaraju.
Revathi alleged that Vinod Kumar and Rakesh robbed her of Rs 13 lakh near Indian Institute of Science, Bengaluru, on March 26. Initially, she claimed she runs a vegetable export trade together with her friend Santosh Kumar. The duo sought after a physiotherapy path seat for Santosh’s sister. Vinod mentioned his friend Rakesh may just arrange a seat for Rs 13 lakh.
Gang used to assemble demonetised notes
Vinod requested her to fulfill him near IISc, snatched her bag containing the money and escaped. Police tracked down Vinod and Rakesh on Friday and wondered them. They mentioned the money used to be in demonetised notes.
Police mentioned, “Revathi confessed she filed a false criticism because Vinod and Rakesh had no longer exchanged her previous notes. Revathi’s money had been given to Ravindra and after we searched his residence in Dasarahalli near Peenya, we found Rs 90 lakh in demonetised foreign money.”
Based on Ravindra’s data, police arrested Renuka Prasad and Basavaraj. All the accused are businessmen or real estate agents, cops mentioned.
The gang led by means of Ravindra would gather demonetised money from other people in Bengaluru and alternate them for brand new foreign money notes from an individual identified as Praveen in Chennai. “We sent a team to Chennai to nab Praveen and figure out what he does with demonetised foreign money,” a police officer mentioned. All six accused were produced earlier than a magistrate on Saturday and brought into police custody for three days.
Revathi alleged that Vinod Kumar and Rakesh robbed her of Rs 13 lakh near Indian Institute of Science, Bengaluru, on March 26. Initially, she claimed she runs a vegetable export trade together with her friend Santosh Kumar. The duo sought after a physiotherapy path seat for Santosh’s sister. Vinod mentioned his friend Rakesh may just arrange a seat for Rs 13 lakh.
Gang used to assemble demonetised notes
Vinod requested her to fulfill him near IISc, snatched her bag containing the money and escaped. Police tracked down Vinod and Rakesh on Friday and wondered them. They mentioned the money used to be in demonetised notes.
Police mentioned, “Revathi confessed she filed a false criticism because Vinod and Rakesh had no longer exchanged her previous notes. Revathi’s money had been given to Ravindra and after we searched his residence in Dasarahalli near Peenya, we found Rs 90 lakh in demonetised foreign money.”
Based on Ravindra’s data, police arrested Renuka Prasad and Basavaraj. All the accused are businessmen or real estate agents, cops mentioned.
The gang led by means of Ravindra would gather demonetised money from other people in Bengaluru and alternate them for brand new foreign money notes from an individual identified as Praveen in Chennai. “We sent a team to Chennai to nab Praveen and figure out what he does with demonetised foreign money,” a police officer mentioned. All six accused were produced earlier than a magistrate on Saturday and brought into police custody for three days.
Rs 90L seized in demonetised note exchange scam
![Rs 90L seized in demonetised note exchange scam]()
Reviewed by Kailash
on
March 31, 2019
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