Mumbai Crime Branch Busts 4-Member Gang For Fake Currency Investment Scam

Mumbai: The Crime Branch Unit 6 has arrested four members of a gang that allegedly cheated people by promising to return up to four times the amount invested. The accused lured victims with offers of high returns but, at the time of delivery, handed over bundles of fake currency often resembling children’s play money before fleeing.

Cash, Car, and Fake Notes Seized
Police seized ₹6.35 lakh in cash, multiple mobile phones, a white WagonR car, and fake currency notes from the accused. The case came to light when a complainant learned through a friend about the scam.

Trap Set Near Vikhroli Bus Depot

During the probe, one suspect, identified as Chaudhary, offered to give ₹1 lakh in return for an investment of ₹25,000. Suspicious of the deal, the complainant informed Crime Branch Unit 6.

On the night of August 11, police set up a trap near Vikhroli Bus Depot. Chaudhary accepted ₹25,000 and, in return, handed over bundles of counterfeit notes used in toys. He was immediately detained.

Arrests and Modus Operandi

Interrogation led police to three of his associates Mohammad Nafees alias Javed, Manjar Sonde, and Saeed Siddiqui who were waiting in a nearby WagonR. All four were arrested. Investigations revealed that the gang had used the same method to cheat multiple people.

Further Probe Underway

A case has been registered at Vikhroli Police Station. Police are now working to identify other victims linked to the scam.