Seven Arrested in Belagavi for Money-Doubling Fraud Involving Counterfeit Currency

Police in Belagavi district, Karnataka, arrested seven individuals, including two Maharashtra police personnel, for a 'money-doubling' fraud involving counterfeit currency. The gang used chemicals and heating machines to create the illusion of multiplying currency notes by treating genuine notes and blackened papers. Victims were deceived into paying large sums with promises of quadrupling their money. Separately, four others were arrested for attempting to circulate fake Rs 500 notes. Investigations are ongoing across multiple states.