They said Yathu Jaffer, Munir Ahamed, Bayas Khan and Kannan from Chennai had approached one Mahendran, running a browsing centre in S S Colony and had expressed interest in buying furniture and other electronic items that were up for sale.
They offered to buy all the goods for Rs nine lakh and gave him a 'Demand draft' for the same.
However, officials of the bank found the DD to be fake and impounded Mahendran's savings account.
They also seized the equipment used for making fake DDs.
The gang was remanded to judicial custody last night, police said.
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