The Turkapally police have arrested three persons for allegedly cheating a man of Rs. 1 lakh by using children’s play currency notes resembling genuine Rs. 500 notes and luring him with the promise of doubling his money.
According to police, the suspects approached a resident of Turkapally mandal and offered to give him Rs. 2 lakh in exchange for Rs. 1 lakh. Believing the offer, the victim handed over Rs. 1 lakh to the accused at Pallepahad
stage.
The victim later discovered that the bundles contained only a few genuine Rs. 500 notes placed on the top and bottom, while the remaining notes were children’s play currency bearing the words “Children’s Bank of India – Specimen.”
Realising that he had been cheated, he lodged a complaint with the Turkapally police. Based on the complaint, the police registered a case and arrested the three accused on Wednesday.