Hyderabad: 2 cheat forex agents, hand them fake cash
The police identified the accused as Moha-mmed Sameeruddin, 39, and Abdul Rizwan, 21, hailing from Nizamabad.
Hyderabad: The East Zone Task Force nabbed two members of a gang that was diverting attention and exchanging counterfeit dirhams for Indian currency at money transfer agencies.
The gang was reportedly wanted by several police stations in the city and Nizamabad district. Police recovered Rs 1.6 lakh from the gang.
The police identified the accused as Moha-mmed Sameeruddin, 39, and Abdul Rizwan, 21, hailing from Nizamabad. The duo operated in front of money transfer agencies and travels offices that were able to exchange dirhams for Indian currency.
East Zone Task Force inspector K. Srinivas said, “One person waits in front of the transfer agencies on a two-wheeler and the other member goes inside the office ostensibly for exchanging dirhams for Indian currency. He first offers real dirhams but later switches them for fake notes while pretending to bargain.”
The distracted money transfer agent accepts the fake dirhams in a pouch and hands the gang member genuine Indian currency. The gang member immediately escapes, Mr Srinivas said.
The cops arrested the two accused and a manhunt was launched on the other two gang members.