Hyderabad: The Turkapally police have arrested three persons for allegedly cheating a man of ₹1 lakh by using children’s play currency notes disguised as genuine ₹500 notes after luring him with a promise to double his money.
According to police, the accused approached a resident of Turkapally mandal and offered to exchange ₹1 lakh for ₹2 lakh in cash. Trusting the offer, the victim handed over ₹1 lakh to the suspects at Pallepahad Stage.
Children’s Play Notes Used in Fake Cash Exchange Scam
The victim later discovered that the bundles contained only a few genuine ₹500 notes placed on the top and bottom, while the remaining notes were children’s play currency printed with the words “Children’s Bank of India – Specimen.”
After realising he had been cheated, the victim lodged a complaint with the Turkapally police, who registered a case and arrested the accused.
The arrested persons were identified as Udumrakola Yakambaram (29) and Udumrakola Devender (38), both residents of Bhuvanagiri, and Maddeboyna Nagaraju (34), a resident of Kuntlur in Hayathnagar.
Police seized 16 bundles of children’s play currency notes, ₹10,000 in cash, one Hero Honda Passion motorcycle, and three mobile phones from their possession.
During the investigation, police found that Yakambaram is a habitual offender and had previously been involved in similar fake currency cheating cases registered at the Subedari and Narsampeta police stations. He was earlier arrested and remanded to judicial custody but allegedly resumed similar offences after his release.
Turkapally Police Station Sub-Inspector Mohammed Takhiuddin advised the public not to fall for promises of easy money, quick-profit schemes, or suspicious currency exchange offers. He urged citizens to immediately report such incidents to the nearest police station to prevent fraud.
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