Hyderabad Police Arrest Two Foreign Nationals for Allegedly Cheating Man of ₹20 Lakh with ‘Chemical Money Doubling’ Scam
Hyderabad Police arrested two foreign nationals for allegedly cheating a Miyapur resident of ₹20 lakh using a fake chemical money-doubling scam. Cash, fake currency, and chemical bottles were seized.
Hyderabad: The Miyapur Police and Narsingi CCS Police jointly arrested two foreign nationals for allegedly cheating a Miyapur resident of ₹20 lakh by falsely claiming they could double money using a “black money/chemical process.” According to the police, the accused demonstrated a fake chemical process to convince the victim before fleeing with the cash. The suspects have been arrested, and police seized cash, fake currency, chemical bottles, and other materials used in the alleged fraud.
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How the ₹20 Lakh Chemical Money Doubling Scam Was Carried Out
According to details released by the Miyapur Police, V. Krishnakant, a resident of Miyapur, received phone calls from foreign numbers.
The callers introduced themselves as businessmen and claimed they could double money using a “Black Money/Chemical Process.”
To convince the victim, they allegedly dipped black paper sheets into a chemical solution and showed them turning into genuine currency notes as a demonstration.
Believing the demonstration, the victim agreed to hand over ₹20 lakh in cash.
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Victim Allegedly Given a Box Filled with White Papers
Police said the accused pretended to place the victim’s ₹20 lakh inside a box.
However, they allegedly performed a trick and replaced the cash with white paper bundles and colour Xerox papers.
The accused then instructed the victim not to open the box until they returned with another chemical, after which they fled from the spot.
After realising he had been cheated, V. Krishnakant approached the police and lodged a complaint.
Two Foreign Nationals Arrested
Using technical evidence during the investigation, the Miyapur Police and Narsingi CCS Police jointly arrested:
- Toure El Hadji Mahamane (Mali)
- Tchaounyou Adolphe (Cameroon)
Cash, Fake Currency and Chemicals Seized
Police seized the following items from the accused:
- ₹10 lakh in genuine cash
- Fake ₹500 currency notes
- US currency notes
- Chemical bottles allegedly used in the scam
- Bundles of paper allegedly used during the fraud
Accused Linked to Earlier Cases
Police said that Accused No. 2 (A2) was found to have been involved in several previous cases in Gujarat and Telangana.
The investigation into the case is continuing.
The Miyapur Police and Narsingi CCS Police have arrested two foreign nationals, Toure El Hadji Mahamane of Mali and Tchaounyou Adolphe of Cameroon, for allegedly cheating Miyapur resident V. Krishnakant of ₹20 lakh through a fake “Black Money/Chemical Process” scam. Police recovered ₹10 lakh in genuine cash, fake ₹500 notes, US currency notes, chemical bottles, and paper bundles. Officials also said A2 has previous cases in Gujarat and Telangana, and the investigation is ongoing.
