Yogesh K Porwar
The Belagavi City Crime Branch (CCB) police have busted a gang of four men who allegedly attempted to cheat each other in a fraudulent multi-crore rupee deal involving black money.
The accused had reportedly agreed to exchange ₹5 crore in unaccounted cash for ₹3 crore in white money.
However,both parties had allegedly planned to cheat the other,with one side preparing bundles of children’s toy currency notes and the other attempting to pass off fake bank transaction messages as proof of a ₹5-crore RTGS transfer.
The incident took place at Ashok Nagar,within the jurisdiction of Tilakwadi police station in Belagavi.
Acting on a tip-off,a CCB team led by Sub-Inspector Manjunath Bhajantri raided the location and arrested all four accused.
Toy currency used to pass off as ₹5 crore :
Meanwhile,another accused,identified as Shivanand Munavalli,allegedly attempted to convince the opposite party that ₹5 crore had been transferred through RTGS.
He reportedly sent fake bank statements and fabricated transaction messages to create the impression that the money had been transferred.
Thus,while one group allegedly planned to cheat the other using toy currency,the other attempted to deceive them with fabricated banking records.
Four arrested,articles seized :
The CCB police arrested the four accused identified as:
Shivalingayya Ganachari (28),Sagar Killeketh(32),Vinayak Nokare (27),from Ankali,Shivanand Munavalli.
Police seized children’s toy currency notes,an air gun and other materials collectively worth approximately Rs.35,000 from the accused.
The operation was conducted under the leadership of CCB Sub-Inspector Manjunath Bhajantri.
A case has been registered at Tilakwadi police station, and further investigation is underway.
