archivecurrency exchange fraud

Visakhapatnam: The Sullurupeta police in Tirupati district have apprehended five individuals associated with a gang involved in a fraud relating to the exchange of discontinued Rs 2,000 currency notes. Law enforcement authorities succeeded in recovering Rs 73.2 lakh in cash from the culprits.Superintendent of police V Harshavardhan Raju revealed that a local businessman, Jagadeesh, had been defrauded to the tune of Rs one crore. The perpetrators reportedly approached Jagadeesh, asserting they could provide him with Rs two crore in Rs 2,000 denomination notes in exchange for Rs one crore in...