The Hindu·3 min read·medium

Two foreign nationals arrested in ₹20 lakh fake currency scam in Hyderabad; ₹10 lakh recovered

T
The Hindu Bureau
Two foreign nationals arrested in ₹20 lakh fake currency scam in Hyderabad; ₹10 lakh recovered
AI Summary

Miyapur police arrested two foreign nationals for defrauding a Hyderabad resident of ₹20 lakh through a fake 'currency multiplication' chemical scam. Authorities recovered ₹10 lakh in cash along with counterfeit notes and materials used to facilitate the deception.

Two foreign nationals were arrested by the Miyapur police and the Central Crime Station (CCS), Narsingi, for cheating a Hyderabad man of ₹20 lakh by convincing him they could double his money through a fake chemical-based currency multiplication process. Police recovered ₹10 lakh in cash along with fake currency notes and materials allegedly used in the fraud.

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