VILLUPURAM: Police arrested a car driver on Saturday in connection with the `10 lakh fraud case filed by a businessman on Friday.
Velumani, a pawn shopowner, had made a complaint at the Arakandanallur police station stating that a six-member gang, which comprised police officials attached to the Thirukovilur station, had stolen `10 lakh that he borrowed from his father-in-law at T Devanur village near Thirukovilur on Friday morning.
By Friday the police found that no such incident had occurred. They found that Velumani had lost the cash to an Andhra-based counterfeit currency gang and the incident had taken place in Kanai police station limit. The Kanai police questioned Velumani on Saturday, during which he said he faced loss in his business and was in urgent need of cash. He got connected with the five-member counterfeit note gang through his friend Mohan (34) of Arpichampalayam near Ulundurpet, a cab driver.
Mohan told Velumani that the gang would give him fake notes of `50 lakh in exchange of `10 lakh genuine cash. Believing him, Velumani arranged the amount.On Thursday night they went to Arulavadi village to hand over the cash to gang. Mohan contacted his friend Karthick of Chennai.
One of the gang members asked them to come near the river bed. Feeling suspicious, Velumani left the cash with his father Arumugam, and he, along with Mohan went to river side. However, the four persons of the gang snatched the cash from Arumugam. They also took awayKarthick. Velumani and Mogan came to know about this. As there was nothing they could do but fabricate a story about the stolen cash and filed a complaint. The police arrested Mohan.