Ludhiana: 5 of gang behind dollar for rupee racket held

LUDHIANA: Police busted a gang of fraudsters for duping city residents of lakhs on the pretext of exchanging Indian currency for dollars. While five members of the gang have been arrested, police said that the gang is quite large as relatives of the accused are also part of it.
Police said that the gang members duped at least four city residents of Rs 13 lakh in the past 20 days. The arrested accused have been identified as Deepak Singh alias Ibrahim of Uttam Nagar, New Delhi, who is presently living in a rented accommodation at Sanjay Gandhi colony, Ishu Kapoor of Multani Colony in New Delhi, Mohammad Ramzan of Kolkata, Dukhu of South Kolkata and Rafiq of Bulandshahr in Uttar Pradesh. Police seized 200 US dollars and Rs 50,000 cash from them.
Deputy commissioner of police (DCP, Investigation) Varinder Singh Brar said the gang has been active for the past one month and has duped at least four persons of lakhs by luring them in the name of getting dollars at cheap rates. The gang members are related to each other and are involved in similar crimes.
Additional deputy commissioner of police- investigation Rupinder Kaur Sra said that the gang members used to tell people that they were labourers or scrap dealers and had found the dollars from a worn out almirah or box brought from someone as scrap. Then they would say that they were unable to exchange the dollars as money exchangers would ask where they got the dollars from. In reality, Ibrahim would purchase the dollars from Delhi and give the currency to his accomplices to lure people.