An Old city resident involved in ‘illegal’ forex lost US $30,000 after being tricked by fraudsters promising him higher commission in exchange of foreign currency.
On Thursday evening, the suspect asked Mohammed Jaffar to get US $30,000 against an exchange of Indian Rupees. Jaffar, who works near Sahran Hotel near Gulzar Houz, met the suspect in a coffee shop, took him to the Outer Ring Road in the car and exchanged the currency, said Madhapur ACP N Shayam Prasad Rao. “Soon, Jaffar suspected a foul play and started counting the Indian notes and found huge quantity of pink papers cut to the size of currency notes between the original notes,” he said, adding that the suspect left him on ORR under Narsingi police station area and fled away with the US dollars. Cops are analysing the video footages of surveillance cameras in the area to identify the suspected person.
78-year-old arrested
A septuagenarian was arrested by the Hyderabad Police for allegedly cheating gullible people to the tune of ₹13 crore. The accused, Brungi Hari Krishna, MD, Sree Teja Benefit Fund Ltd, Vivekananda Nagar in Dilsukhnagar here collected money and did not return even after the fixed deposits were matured, said DCP (DD) Avinash Mohanty.
Based on complaint lodged by P. Subba Raja in February, a case was registered against the accused under IPC and section 5 of Telangana State Protection of Depositors of Financial Establishment Act 1999.