In a major breakthrough, Bengaluru police have busted a fake “money rain” scam where fraudsters lured people into parting with their Rs 2,000 notes, promising to magically multiply their money.
At least ten people have been arrested in connection with the elaborate con.
The Promise of “Money Multiplication”
According to police reports, the accused approached victims claiming they could turn ordinary Rs 2,000 notes into stacks of cash using a “chemical process.”
Victims were told to hand over their money temporarily while the scammers performed a “demo” of the process.
Once the victims trusted them, the accused disappeared with lakhs of rupees, leaving behind bundles of fake or blank notes.
The Police Operation
After several complaints, the Central Crime Branch (CCB) and local police jointly launched an operation in different parts of the city.
Following surveillance and tip-offs, a coordinated raid led to the arrest of 10 suspects, seizure of fake notes, and confiscation of materials allegedly used in the scam.
A senior police officer said:
“The accused targeted individuals desperate to double their cash quickly. We urge citizens not to fall for such unrealistic money-multiplying schemes.”
How the Scam Worked
Approach: The scammers identified potential victims, usually small traders or individuals seeking quick profits.
Demo: They showed a fake demo of how “black money” could be turned into “clean cash” with chemicals.
Collection: Victims handed over genuine Rs 2,000 notes for the process.
Disappearance: The fraudsters escaped after taking large sums, leaving counterfeit or paper bundles.
Impact and Awareness
Police officials have urged people to be cautious about “too-good-to-be-true” offers.
This scam comes amid growing cases of fraudsters using withdrawn Rs 2,000 notes to trick citizens who are unaware of official exchange deadlines.
Cyber and economic offenses divisions are now tracking links to other states, suspecting a wider network behind the operation.
❓ FAQs
1️⃣ What was the scam about?
Fraudsters promised to multiply Rs 2,000 notes using fake chemical techniques and stole the victims’ cash.
2️⃣ How many people were arrested?
Ten people have been arrested by Bengaluru police in connection with the case.
3️⃣ What should citizens do if approached with such offers?
Immediately report the matter to the nearest police station or call the cybercrime helpline (1930).
4️⃣ Are Rs 2,000 notes still valid?
While the Reserve Bank of India has withdrawn them from circulation, they remain legal tender until further notice.
Final Note
The “money rain” scam is a reminder that there’s no shortcut to wealth.
Fraudsters often exploit public greed and confusion — especially during times of policy transition like the Rs 2,000 note withdrawal.
Authorities have urged citizens to verify any financial claims and avoid cash exchange deals outside official banking systems.
Published on : 4th November
Published by : SMITA
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