Archive · 30 May 2025
Four Arrested in Bengaluru for Currency Note Scam
Imagine some people told a retired bank manager they had special money that the bank didn't want anymore, but that he could still use.
They promised him a lot of money, but first, he had to give them some money.
He believed them and gave them Rs 15 lakh.
Then, the scammers told him that one of them was arrested.
This made the manager realize he was tricked.
The police were called, and four people were arrested.
These people, including a police officer, pretended to have special money to steal from the bank manager.
Four men, including a police constable, were arrested in Bengaluru for allegedly cheating a retired bank manager.
The accused promised the manager Rs 50 lakh in rejected currency notes, obtained due to technical flaws.
The manager gave the accused Rs 15 lakh in installments, believing the notes were genuine.
The suspects claimed the notes could be circulated despite the alleged flaws.
The victim filed a police complaint after realizing he was being duped.
- Who
- Nagaraj (police constable), Kiran Kumar, Gajendra, Prabhu, and a retired bank manager were involved.
- What
- Four men were arrested for duping a retired bank manager out of Rs 15 lakh by promising rejected currency notes.
- When
- Between February and May 2024; Arrests occurred after May 24, 2024.
- Where
- Bengaluru, India
- Why
- The suspects aimed to defraud the retired bank manager by falsely claiming possession of usable rejected currency notes.
- Amount Duped
- Rs 15 lakh
- Victim
- Retired bank manager
- Promised Currency Value
- Rs 50 lakh
- Number of Arrests
- Four
- Police Station
- Peenya police station