The city police have arrested two men, members of a gang which cheated people by offering foreign currency at a cheap rate.
The arrested accused were identified as Mohd Farooq from Delhi and Babulal from Malda of West Bengal. Mohd Mohin, the main accused, was yet to be arrested, said Dwaraka police station's inspector C S Rao.
A Bangladeshi gang which used the same modus operandi had been arrested in August.
The gang members contacted M Eswara Rao on November 14 and offered to sell US Dollars at a cheap rate, and sold him USD 20 initially.
Later, they told Rao that they could sell him US dollars worth Rs six lakh for a discounted price of Rs 3 lakh.
Rao agreed. After he gave them the money and collected the US currency, he realised that the tied-up bundles had dollar notes only on the top and sheets of white paper underneath.
Acting on his complaint, the police today made arrests.
Also, Rs 10,000 in cash and 13 cell phones were seized from them. Further probe is on.
