*GANG POSING AS MONEY EXCHANGERS DUPES MAN OF ₹40 LAKH WITH “MANORANJAN BANK” FAKE NOTES; 04 ARRESTED BY TEAM OF SPL STAFF, SOUTH DISTRICT.*

INTRODUCTION:-

       The team of Special Staff, South District has done commendable work by busting a gang of cheats who used to deceive people under the guise of exchanging their money for cash and arrested 04 cheats namely Nikhil, Princepal, Parvez and Asgar Khan @ Akhtar khan @ Bunty in case FIR No.164/25, u/s 318(4)/61(2)/3(5) B.N.S. PS C. R. Park. Upon their possession, 1.25 crore Dummy currency notes, 01 cash counting machine, Rs. 7.5  lakh cash & Rs. 4.50 lakh freezed in bank and 01 Mobile phone used in the crime were recovered.

BRIEF FACTS OF THE CASE:-

    On 06.07.2025, a complainant reported at PS C.R. Park, South District, that he intended to purchase a property and had arranged money from his acquaintances for the same. On 04.07.2025, he met some individuals who claimed to be in the business of exchanging bank-deposited money into cash. They met him at a flat in Chittaranjan Park, where several other persons were also present. The accused showed him a large amount of cash, following which the complainant transferred a sum of Rs. 40 lakhs to their account through online banking. In return, they handed over a bag containing what was purported to be cash, counted in front of him using a cash counting machine.

However, when the complainant later opened the bag, he discovered that it was filled with dummy currency notes marked with “Manoranjan Bank of India”. The alleged persons were found to have absconded from the location. Based on his statement, a case vide FIR No. 164/25, under Sections 318(4)/61(2)/3(5) of the BNS, was registered at PS C.R. Park, and investigation has been taken up.

TEAM, INVESTIGATION AND ARREST:

Keeping in view the gravity of the case, the task was assigned to Special Staff/SD. Accordingly, a team led by Insp. Girish Chandra comprising SI Naveen, SI Deepak, HC Akshay, HC Sandeep, HC Rakesh, HC Praveen Tokas, Ct. Ashok, Ct. Khoichung, Ct. Moolchand, Ct. Yogender under supervision of Sh. Arvind Kumar, ACP/Operations/South was formed to act swiftly.

Keeping in view the facts of this case, the team briefed about the ramification of the case and directed to work in tandem on different aspects.  Accordingly, the team met the complainant and collected more  relevant details related to the case and started working restlessly on various angles. Further, CCTV footages of the place of incident and approaching areas, route were thoroughly analysed. During the course of preliminary investigation, it revealed that the accused person was using whatsapp calls to contact the complainant. Their other relevant details of bank transactions were analyzed at length and logically verified.  Hence, all possible technical details about alleged person was obtained and sources were deployed to track them. From the analysis of money trails the team managed to find out the bank account details wherein the cheated amount was transferred. The details were collected and meticulously analyzed. Further, local sources were deployed and human intelligence was collected.  The team worked on all the available aspects of the case. The perseverance and efforts of the team bore fruits when on 09-07-25, the team received secret information that the alleged person would come in a flat in the area of Saidulajab.  Hence, the information was further developed and local enquiry area was conducted. Accordingly, the team laid a trap and on pointing out of the informer a raid was conducted at the Flat in the area of Saidulajab, IGNOU road, Delhi and 03 persons were apprehended. Later on, they were identified as Nikhil, Prince Pal and Parvez. They confessed to the above said crime. Upon their instance, on 10-07-25, one more accused namely Asgar Khan @ Akhtar khan @ Bunty was apprehended, while he came to the rented flat of accused persons. Upon their possession, 1.25 crore Dummy currency notes, 01 cash counting machine, Rs. 7.5  lakh cash & Rs. 4.50 lakh freezed in bank and 01 Mobile phone used in the crime were recovered. They were arrested.

INTERROGATION:-
    During interrogation, Asgar @ Akhtar disclosed that he learnt the cheat tactic from one Nasim R/o Bihar, who also committed the money exchange frauds pan India. The role of Asgar is to get the client through liners who need fat cash in lieu of their fat money deposited in banks.  Role of Parvez  is to arrange flat and make set up there. Nikhil’s role is that he manages the bag wherein cash bundle is kept after counting. Prince Pal assists them in process. Some more people also assist them in the process, who are being identified and yet to be arrested.

On detailed interrogation of the accused persons, they had cheated more people in the name of exchange of money in cash. Some incident which they disclosed so far are :

Incident 1 : Tuglakabad, Delhi : Cheating of Rs. 1 crore.  Case FIR No. 09/25, Dt. 5-6-25, U/s 318 BNS found registered at PS Special Cell.  

Incident 2 : Chatarpur, Delhi : Cheating of Rs. 30 Lakh. Facts beings ascertained. 
Incident 3 : Tuglakabad Delhi : Cheating of Rs. 18 lakh. Facts being ascertained.

MODUS OPERANDI :

The accused targeted individuals needing cash in exchange for large sums deposited in their bank accounts, using introducers known as “liners.” They would rent a flat with multiple rooms to stage the deal. Before bringing the client, a setup was prepared inside the flat—one room had a trunk filled with dummy cash bundles, and another had a cash counting machine placed on a table beside a bed with a concealed hole covered by a bedsheet. On the day of the deal, the client was brought to the flat. To begin the process, a bundle of genuine ₹500 notes was brought from the trunk room, and counting was started in front of the client to gain trust. After counting, the notes were handed over to an accused sitting on the bed, who secretly dropped them through the hole beneath, where another accused was hiding. The original notes were exchanged with dummy “Manoranjan Bank” bundles, which were then rotated back into the trunk room for repeated use. They typically used around 15 original bundles in rotation for this purpose. After the transaction, the client was handed a bag filled with dummy notes and dropped off at a distance, while the accused fled from the flat. The entire operation ran on a commission basis, with each member playing a specific role.

PROFILE OF ACCUSED: 
1.Nikhil Srivastava S/o Vimlesh Srivastava R/o Village Tandwa, PS Munshiganj, Distt. Amethi, U.P. Age – 24 yrs.  He has studied upto 5th standard and working in Delhi for last few years in the business of hotel/café/spa. For some time, he incurred losses in the business.
  
2.Prince Pal S/o Shiv Prasad R/o Nawada, Sultanpur, U.P. Age 20 years. He has studied upto 12 th class. He is unemployed and knew Nikhil Srivastava, being resident of his nearby village in U.P. He came to Delhi about one month ago to meet Nikhil, as he promised him to get some job in Hotel.

3.Parvez Akhtar S/o Numan Akhtar R/o Villahge Pura Ghat, PS Kopaganj, Mahu, UP. Age – 43 yrs.  He has studied upto 5th standard and came to Delhi in search of job around three months ago, and residing temporary at Zakir Nagar, Delhi. He came in contact with Nikhil through one Naseem. He used to work as Handloom worker in his village.

4.Asgar Khan @ Akhtar khan @ Bunty S/o  Mohd Hanif R/o Kurla West Mumbai. Age 39 yrs He hails from Sultanpur, Uttar Pradesh. He has studied upto 5th standard and around 01 year ago, he met with one Nasim R/o Bihar, who taught him cheating on pretext of exchange of money.

RECOVERY : 
1.1.25 crore Dummy currency notes 
2.One cash counting machine
3.Rs. 7.5  lakh cash & Rs. 4.50 lakh freezed in bank. 
4.01 Mobile phone used in the crime.

CASES WORKED OUT:-

(1)FIR No. 09/25, dt. 5-6-25, u/s 318 B.N.S. PS Special Cell.  

(2)FIR No. 164/25, u/s 318(4)/61(2)/3(5) B.N.S. PS C. R. Park,

The staff involved in good work is being suitably rewarded.

(ANKIT CHAUHAN) IPS
Deputy Commissioner of Police
South District, New Delhi