Police Uncover Scam in Jaipur Involving Old Currency and Coins

In Jaipur, police have uncovered a scam involving the fraudulent exchange of old currency and coins, leading to the arrest of eight individuals, including two women. The gang lured victims with promises of high market value for their old notes and coins, only to request money under various pretenses. Authorities are investigating the gang's operations and the extent of their deception. The public is advised to be cautious of similar scams and to verify claims before making any payments. Further details about the investigation are expected to emerge as police continue their inquiries.

By Narendra Chaudhary Sep 23, 2026, 18:25 IST

Scam Exposed in Jaipur

Authorities in Jaipur have successfully dismantled a gang that deceived individuals by promising large sums of money in exchange for old currency and coins. Eight suspects have been apprehended, including two women, who are accused of luring victims with the promise of high market value for rare and vintage notes and coins.

Modus Operandi of the Gang

According to police reports, the gang targeted individuals possessing old currency, convincing them that these items held significant market value and could yield substantial profits. Once the victims were enticed, they were asked for money under various pretexts.

False Promises of High Returns

The suspects allegedly gained the trust of their victims by claiming that the old notes and coins could be worth millions. They pressured victims to pay for registration, security, taxes, commissions, or other fees. After receiving the money, the gang would create excuses to avoid further contact.

Investigation and Arrests

Following complaints, the police initiated an investigation, gathering information about the gang's activities and connections. This led to the arrest of eight individuals linked to the scam.

Involvement of Women in the Gang

Among those arrested are two women. The police are currently working to determine the specific roles of each suspect within the gang and to identify any additional accomplices. Interrogations are underway to uncover the methods used in the scams and the number of victims targeted.

Rising Fraud Related to Old Currency

There are frequent claims on the internet and social media about high prices for old notes and coins. Scammers exploit this information to entice individuals into believing they can earn large sums of money. In many instances, victims are initially asked for a small amount, followed by larger sums later.

Public Advisory

The police have urged the public to be cautious. If someone claims they can provide millions for old currency or coins, individuals should refrain from giving money without verification. It is essential to be wary of anyone requesting fees for security, registration, or other expenses.

Ongoing Investigations

Currently, police are interrogating the arrested suspects. Further information regarding the gang's network, potential victims, and the amounts involved in the fraud is expected to emerge during the investigation.