Thugs Defraud 5 Banks by Tricking Cashiers with Note Exchange Scam

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Bank Note Exchange Scam: Two Arrested for Swindling 5 Banks, 90,000 Recovered

Bank Note Exchange Scam: Two Arrested for Swindling 5 Banks, 90,000 Recovered

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News18•28-02-2026, 15:58

Bank Note Exchange Scam: Two Arrested for Swindling 5 Banks, 90,000 Recovered

•Two fraudsters, Mahesh Devilal Gurjar and Saurabh Kushwaha from Bhopal, arrested for swindling five banks in Rajkot.
•Accused used a deceptive note exchange method, targeting cashiers by requesting 200-rupee notes to be exchanged for 500-rupee notes.
•Mahesh would skillfully hide 20 notes (10,000 rupees) while pretending to count, then return the rest, claiming he needed specific serial numbers.
•The gang successfully stole 90,000 rupees from Federal Bank, Ujjivan Small Finance Bank, ICICI Bank, and two other banks in Rajkot.
•Police recovered 90,000 rupees, and investigations revealed Mahesh Gurjar had a similar theft case in Odisha in 2025.

Read Full Article on News18 in Hindi

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