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Jaiprakash Dubey had ferried one of the accused, a woman, in his three-wheeler to Navi Mumbai on June 2 and after striking a conversation, she told him she had US dollars for exchange, the police official said.
“After the accused managed to convince Dubey through phone calls over several days, he gave her and her four associates Rs 3 lakh in exchange for a packet which they claimed contained 635 US dollar notes. When he opened the packet, it contained bundles of scrap paper,” he said.
A cheating case was registered on Wednesday and efforts were on the nab the five accused, he added.