Man duped of Rs 67.50 lakh by gang that promised to get demonetized notes exchanged

''Later, some persons posing as policeman arrived at his shop threatening action for keeping such a large amount in demonetized currency. In order to avoid legal hassles, the businessman gave the fake police team Rs 7.50 lakh,'' the official said.
Man duped of Rs 67.50 lakh by gang that promised to get demonetized notes exchanged
Representative image

THANE: A businessman from Ulhasanagar in Thane district was cheated of Rs 67.50 lakh allegedly by a group of persons who promised to get demonetized notes exchanged, a police official said on Friday.

The Ulhasnagar police station official said the businessman was given demonetized notes with a face value of Rs 5 crore after the accused took away Rs 60 lakh from him since last year.

''Later, some persons posing as policeman arrived at his shop threatening action for keeping such a large amount in demonetized currency. In order to avoid legal hassles, the businessman gave the fake police team Rs 7.50 lakh,'' the official said.

A case of cheating and other offences under IPC provisions has been registered though no arrest has been made so far, he informed.

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