₹60 Cr Fraud Case Upon Shilpa Shetty and Husband Raj Kundra.

Telangana Police have arrested a suspect in an alleged Black Paper fake currency scam after a complainant claimed he was cheated of ₹13 lakh. Investigators seized 20,000 black paper sheets cut to resemble ₹500 notes and chemical solutions allegedly used to convince victims that the paper could be converted into genuine currency. Police are examining whether the accused acted alone or as part of a wider fraud network.

Telangana Police Bust Alleged ‘Black Paper’ Currency Scam, 20,000 Fake ₹500 Note Sheets Seized

Telangana Police have arrested a man who was accused of cheating a resident of ₹13 lakh by way of the fake currency scheme using the so-called “black paper” trick. During the investigation, authorities seized 20,000 black paper sheets and chemical solutions, and further investigations are underway.

Telangana Police has busted an alleged fake currency fraud by arresting Pathipati Prem Chandu, who allegedly duped a resident of Aswaraopet, Madhu Babu, of ₹13 lakh through a fake currency conversion scheme based on “black paper”. Officials said the case is being investigated by Aswaraopet Police in Kothagudem district.

Police said the accused used to lure victims by claiming that specially prepared black paper sheets, cut in the shape of ₹500 currency notes, could be transformed into real currency after being treated with a special chemical solution. Sources said the demonstration was part of the modus operandi to build trust with victims before demanding huge sums of money.

In the complaint filed by Madhu Babu, the accused first took ₹11 lakh from him for providing specially prepared black paper sheets that looked like genuine ₹500 notes. Later, the victim paid another ₹2 lakh for chemicals to convert the sheets into legal currency, officials said. 

The Enforcement Directorate has provisionally attached assets worth ₹2.17 crore under two separate money laundering investigations in Tripura. According to the agency, the cases involve alleged investment fraud, impersonation of government officials and an illegal IPL betting syndicate. The investigations are continuing under the Prevention of Money Laundering Act (PMLA), and the allegations remain subject to judicial scrutiny.

Tripura Money Laundering Probe Widens as ED Targets Rs 2.17 Crore in Alleged Fraud and IPL Betting Case

The Enforcement Directorate has provisionally attached assets worth Rs 2.17 crore under two separate money laundering cases in Tripura involving an alleged investment scam and an illegal cricket betting syndicate.

The Tripura money laundering cases are linked to alleged financial crimes involving impersonation of government officials, fraudulent investment schemes and an illegal IPL betting network, the Directorate of Enforcement (ED) said. The agency’s Agartala office initiated proceedings for attachment of properties under the Prevention of Money Laundering Act (PMLA), 2002.

The ED said it had attached assets through two provisional attachment orders issued on July 31 covering bank balances, land parcels, residential properties and other moveable assets. The attached properties were allegedly linked to the proceeds of crime generated through illegal activities, the agency said.

The ED said the first investigation pertains to a case of alleged investment fraud involving Utpal Kumar Chowdhury, suspended IAS officer Abhishek Chandra and a private housing company. Also, bank balances of Rs 1.12 crore have been attached by the agency under PMLA.

Roshan Shah, an Indian student studying in Canada, has been sentenced to 48 months in a US federal prison after pleading guilty to participating in a money laundering conspiracy linked to a $3.7 million fraud targeting elderly Americans. Prosecutors alleged he posed as a federal agent to collect gold and valuables, while investigators continue efforts to dismantle the wider international network.

Indian Student Jailed in US for Collecting $3.7 Million in Gold From Elderly Scam Victims

A student from India who was studying in Canada was sentenced to 48 months in a US federal prison after pleading guilty to his role in a money laundering conspiracy that defrauded elderly Americans in a complex network of fraud.

A Canadian student of Indian origin, Roshan Shah, has been given a four-year jail term in a US federal prison for his part in a multimillion-dollar senior fraud scheme that duped elderly Americans into handing over gold and valuables. Shah pleaded guilty to participating in a money laundering conspiracy tied to a global fraud ring, according to the U.S. Attorney’s Office for the Eastern District of Wisconsin.

The sentencing comes after U.S. District Judge Brett Ludwig sentenced a 22-year-old Indian citizen to 48 months in prison on July 27. Prosecutors say Shah came to the United States from Canada on a visitor’s visa just to pick up the proceeds of a fraudulent operation that targeted vulnerable senior citizens.

Court documents said Shah was in the United States on a student visa attending a college in Canada. He studied in the Canadian province, but authorities did not say where or name the school he attended.

The CBI has arrested two more accused in the Chandranath Rath murder case, alleging they conspired in the killing of BJP leader Suvendu Adhikari's close aide. Investigators are also examining alleged political links, while the case remains under investigation and subject to judicial proceedings.

2 BJP Workers Arrested in Suvendu Adhikari Aide Chandranath Rath Murder Case, CBI Alleges TMC Links

The politically sensitive case has alleged links between suspects and Trinamool Congress members, investigators say. CBI arrests two more accused in murder of Suvendu Adhikari’s close aide Chandranath Rath.

The Chandranath Rath murder case saw a breakthrough with the Central Bureau of Investigation (CBI) arresting two more persons allegedly involved in the killing of Suvendu Adhikari’s close aide. The latest arrests are expected to spark political debate in West Bengal where the probe has drawn increasing attention for its alleged political links.

The newly arrested ones have been identified as Sagar Sonkar and Sahib Sonkar, who were working with Chandranath Rath before his murder, the CBI officials said. They are believed to have conspired with the gunmen who carried out the deadly attack in May this year.

The arrests were made in West Bengal, and the agency is likely to produce both accused before a special court in Kolkata and seek custodial interrogation. The case is being investigated by the CBI under various sections, including murder and criminal conspiracy charges. Sprouts News will keep you posted on official developments in the investigation.