A gang operating under the bizarre notion of "Barish Money" (money rain) has been arrested by the Bagalagunte Police in Bengaluru. A contractor of ₹28 lakh had cheated him by making verbal promises to double and triple his money using a fake scheme.
What is the ‘Barish Money’ scam?
The arrested accused Vijay from Madhugiri, Krishna Singh from Kereguddadahalli and a driver named Naveen have been able to mastermind an unusual and deceptive scheme. They encouraged victims to invest ₹1 lakh, as they would return ₹3 lakh in return. Besides, they employed a bit of an old-fashioned trick to sell the offer: The money given by them would be changed to paper after nine months, so it had to be delivered quick.
This fictional idea, marketed as “Barish Money,” created a sense of urgency and hunger in the victims. By painting it as an illuminative opportunity for the time horizon the gang was able to make it work to trap their prey.
Contractor Duped of ₹28 Lakh
One of the victims of this scam is a contractor Ramesh but agreed to invest ₹28.60 lakh. He met the accused near the 8th Mile in Bengaluru with the money. The accused took it under the pretence that it had been verified there-and promised to come back soon with the multiplied amount.
But the gang fled the scene, once they had gotten the cash, which just left Ramesh feeling confused and unable to act even though they were able to get the cash. Realizing he had been cheated on, he immediately filed a complaint with the Bagalagunte Police and it turned out he went to the Bagalagunte Police.
Swift police action and arrests
The police soon initiated an investigation and arrested all three accused. During interrogation, it was found out that the gang cheated another individual of ₹18 lakh through the same way.
In a major breakthrough the police recovered ₹40 lakh cash from the accused. But officials investigate whether more persons are doing that racket and whether there’s a large number of new people or not.
Public Advisory
Government officials have warned about risks for individuals going to the dark side with such schemes that promise the prospect of very unrealistic returns. No legitimate system can double or triple your money overnight, said the police secretary of police. People should check if you understand and verify if you’re doing something before you go ahead.
The case is an example of how lucrative scams often profit from people not knowing how to invest in them and money has only got in their way; we value this and therefore they have to be aware and well aware. For continued enforcement, the police will have to investigate the full reach of the network and bring those convicted to justice.
