Counterfeit Currency, Gold Racket Busted In Bhubaneswar

20 September 2019

Sigdha Chandan Das

Bhubaneswar: A gang of three which duped people on pretext of exchanging counterfeit currency and gold was busted on Friday by the Laxmisagar Police here. While two had been previously arrested, one was arrested today.

Briefing the media persons in this case, Bhubaneswar DCP Anup Kumar Sahoo said, “The gang was identified based on their two distinctive Modus Operandi (MO). In both situations, they used to randomly call people and attempt to dupe them.”

”In their first MO, they would ask people to give Rs 5 lakhs and take their Rs 10 lakhs. They justified by saying that their income was through illegal means and was only in Rs 100 denominations; therefore double the amount was being offered. Their second MO included convincing simpletons that they have unearthed gold in an illegal manner and hence want it off their hands. They were selling this counterfeit gold at a far lesser price.”

“They would call the victims to closed-off locations and once cash exchanged hands, they would flee from the scene citing that the Police were onto them,” informed DCP Sahoo.

The gang consisted of two from Odisha and one from West Bengal. Their area of operation was Odisha, Jharkhand, and West Bengal. Cash of Rs 7.26 lakhs with counterfeit currency notes and gold biscuits were seized. The one taken into custody on Friday has been identified as Prabhat Sahoo from Jagatsinghpur.

DCP Sahoo added that the gang was busted back in 2012 at Puri but was seemingly back in action. As per the latest complaint from Jharkhand, Police began actively searching for them which resulted in their arrest.

Bhubaneswar DCP ended by saying, “We request people who have been through similar situations to come forward with their complaints.”

DCP Anup Kumar Sahoo