A 42-year-old man from Cameroon was recently arrested in Hyderabad for his alleged involvement in a counterfeit currency scheme. The suspect, Jacques Devalois Kit, had been living in Bengaluru and is accused of deceiving people by promising large amounts of fake Indian currency in exchange for real money. Hayathnagar police made the arrest after receiving several complaints about the scam.
The police investigation revealed that Jacques would initially contact people, offering them a deal to buy fake Indian currency. To gain their trust, he would reportedly give his victims a single real Indian currency note. This would lead them to believe the larger deal was legitimate. Subsequently, Jacques would set up a meeting to deliver the agreed-upon amount of counterfeit money. However, instead of fake currency, victims received a box full of cut pieces of paper, while Jacques would keep the real money he had received.
This fraudulent scheme targeted people in and around the Hyderabad region, which resulted in numerous reports to the police. As a result of this illegal activity, the police decided to act swiftly and take the man into custody. According to a police spokesperson, “He was contacting individuals, claiming he could provide large amounts of fake currency in exchange for genuine money,” This highlights the calculated nature of the scam.
Authorities are now working to figure out just how many people fell victim to this scheme and the total extent of his fraudulent operations. This case serves as a warning about the dangers of getting involved in illegal financial activities. It also emphasizes the need for everyone to stay cautious and protect themselves from such scams. The police continue their investigations to ensure all involved parties are brought to justice.