Five held for cheating woman of 10 lakh

The St. Thomas Mount police on Friday arrested five persons for cheating a woman from Bengaluru of Rs. 10 lakh by promising to arrange a loan worth Rs. 50 lakh
Five held for cheating woman of 10 lakh
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The police also recovered Rs. 13. 66 lakh, two cars and 17 sovereigns of jewellery from the accused. The accused had given her counterfeit notes with the face value of Rs. 50 lakh. The police found that the gang had been conning people by offering loans and taking hefty commissions. 
Police arrested Saran alias Vinod (28), a native of Kottayam, S Aji Kumar (35), J Sidharth (27), A Prince (26), all belonging to Tiruvananthapuram and Ribin Abraham (26) of Coimbatore. 
According to the complainant Annapoorni (55), a resident of Easwary Nagar, Bengaluru, she had contacted the conmen after seeing an advertisement in a prominent daily tabloid. She was asked to meet them at a hotel near St Thomas Mount. 
When Annapoorni met the accused, they informed her that a loan of Rs. 50 lakh can be arranged but she had to pay a commission of Rs. 10 lakh. She came down to Chennai again on February 26 and handed over Rs. 10 lakh. The accused gave her bundles of money wrapped in paper. They advised her not to immediately open the parcel for security reasons. 
When she checked the bundles, she found paper cut in shape of currency notes. Police said the gang could have duped many using the same modus operandi. They have received one more complaint claiming that the same gang duped another person.

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