The thieves even had a flashing red beacon on top of their vehicle.

Conmen dupe touts of Rs 9 lakh in new currency notes in Hyderabad
news Crime Tuesday, November 29, 2016 - 07:45

Conmen who posed as Central Bureau of Investigation (CBI) and income-tax officials on Monday, stole Rs 9.24 lakh worth of new currency notes from touts in Hyderabad.

According to a report in the Times of India, Md Salman Pasha, a photocopy centre owner from Vikarabad, along with his brother Imran, and other associates came to Hyderabad, near Langar Houz on Saturday to exchange Rs 2,000 notes with demonetised currency for 16% commission.

However, they were reportedly unsuccessful as they could not strike a deal, and began their return journey with the cash to Vikarabad. When they stopped at a hotel to have dinner, they were confronted by the thieves, who even had a flashing red beacon on top of their vehicle. 

"There were four persons in the car. Introducing themselves as CBI and income-tax officials, the offenders, who were in civil dress, checked the car of Salman. The fake cops found cash in the car and took Salman, Shakeel and Krishnakanth into custody," Langar Houz inspector Md Javeed told TOI.

The thieves then 'released' the touts from their 'custody' after agreeing to take all the new Rs 2,000 notes and let them go.

The incident was reported to police on Sunday evening, who have registered a case. The police are also reported to have made a few arrests.

This is the second such incident in the city this week.

Earlier, a Hyderabad businessman was robbed by five people pretending to be task force police, while he was going to attend a funeral at Armoor in Telangana's Nizamabad district.