Kannur: The Valapattanam Police in Kannur district on Thursday arrested a 34-year-old West Bengal native for allegedly duping a number of folks by claiming to supply a better trade charge for forex notes.
The police suspect, the accused, Ashik Khan of North 24 Parganas district, is a member of a racket.
The arrest was made primarily based on a grievance filed by a local of Mayyil in Kannur who was cheated of Rs 7 lakh.
A particular group led by Valapattanam Inspector MT John took the accused into custody from Shoranur in Palakkad. 4 of his associates managed to flee.
Valapattanam Sub Inspector Unnikrishnan P, who’s investigating the case, mentioned they think the involvement of 5 individuals within the racket that operates unlawful international forex trade.
SI Unnikrishnan mentioned that “their modus operandi is that the gang members strategy businessmen and different people claiming to have a big amount of UAE Dirham that they provide to trade for Indian forex at a cheaper price”.
“The gang will give some unique forex of Dirham at low worth within the preliminary phases from which their purchasers make good revenue within the open market. The purchasers would purchase extra by spending lakhs, however at this stage they cheat the folks both by giving faux forex or utilizing different means,” mentioned the investigating officer.
“The Mayyil native organized Rs 7 lakh and met the gang member Ashik Khan. He met him alone and obtained a bag in trade for the cash. When he tried to test the money within the bag, the accused left the spot shortly. The complainant discovered just a few forex notes and the remainder have been items of white paper,” SI Unnikrishnan mentioned.
In the course of the probe, the police realized that the racket had duped many in numerous districts. Comparable complaints have been filed at different stations in Kannur district. “Efforts are on to hint different members of the gang,” the SI mentioned. The accused was produced earlier than a courtroom and remanded.