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Nalgonda Police Arrest 2 in Money Doubling Fraud Case

Nalgonda: The Nalgonda rural police arrested two persons on Tuesday for cheating a person in the name of money doubling liquid and seized Rs 25 cash from their possession.

The accused identified as Sheik Shiraj (53) and Ram Naresh Yadav (40) are natives of Katihar in Bihar. Son of Shiraj, Sheik Afthab (20), also involved in the cheating case is absconded.

Addressing a media conference with those arrested, SP Sharat Chandra Pawar stated that one Ramoju Rama Chary, a registered medical practitioner, came to know Sheik Shiraj and Naresh Yadav when they worked while constructing his house at Chandanapally about two years ago.

Few months back, they told Rama Chary to double his money with a liquid. Rama Chary gave Rs 6,500 for which they returned him Rs 13,000. Rama Chary started trusting Shiraj and Naresh. Later, Rama Chary urged them to double Rs 33 lakh, which he received after selling a property, the police official said.

On June 22, Shiraj and Naresh visited the victim’s house and divided Rs 33 lakh into 11 bundles and sank them in liquid mixed water and asked the victim to dry them up for one day and then take the amount. Meanwhile, Rama Chary went to attend a patient in another room which was his clinic. Taking advantage of his absence, the cheaters replaced the bundles of original currency with the bundles which they had already prepared and placed the original Rs 500 notes on the top and bottom and white papers in the middle.

The next day when Rama Chary opened the cash bundles, he found that he was cheated and filed a complaint with the Nalgonda rural police station.

Receiving a tip off, the police arrested Sheik Shiraj and Ram Naresh from the Nalgonda railway station. Both the accused were waiting to board a train to escape with the cash. The police recovered Rs 24 lakh from them. Sheik Afthab had already fled to Bihar with Rs 9 lakh, the police said.

( Source : Deccan Chronicle )
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