Mumbai, March 13 -- The Bangur Nagar Police Station in Mumbai has busted a sensational fraud racket, arresting two accused individuals. The accused had swindled a businessman out of approximately Rs. 7 lakhs by deceiving him with a false promise to transform ordinary paper into Indian currency notes using special chemicals and powders.

The arrested accused has been identified as Pawan alias Prakash Kumar Dilip Prasad (25), Sar alias Gajsingh Manoj Singh Prasad (47).

According to the police, the complainant, Lalan Rajkumar Mahto (34), a resident of the Goregaon West area, was convinced by the accused that they possessed a chemical and powder capable of converting ordinary paper into genuine Indian currency notes. To gain his trust, the a...