What happened
Public TV English reported on 11 November 2026 that Belagavi police (CCB) arrested four people at Ashok Nagar, Tilakwadi, over a deal to convert 'black money' into 'white money' in which both sides allegedly tried to cheat each other. Police Commissioner Prakash Nikam named the arrested as Shivalingaiah Ganachari (28), Sagar Killiket (32), Vinayak Nokare (27) of Ankali, and Shivanand Munavalli. According to police, one side promised Rs 5 crore in 'white' money for Rs 3 crore in 'black' money but planned to hand over children's toy notes, sending a video of Rs 500 notes placed on toy notes; the other side, Munavalli, allegedly sent a fake bank statement / message claiming Rs 3 crore had been transferred by RTGS. Police seized the toy money, an air gun and other items worth Rs 35,000; a case was registered at Tilakwadi police station. The allegations are unproven.
How the scam works
Advance-fee 'black money' schemes promise to convert undeclared cash into legitimate funds, often after a demonstration with what later turn out to be toy or worthless notes and a fake bank or RTGS message that appears to show a transfer. Public TV English reported that Belagavi police arrested four people over such a lure. They are accused, and the allegations are unproven.
No genuine bank or official will convert 'black money' for a fee. Anyone asked to hand over cash, gold or a commission for a conversion of that kind should refuse, keep any messages, and report the approach to the police. If money has already been handed over, contact the bank and the local police station promptly.
Source
Public TV English, 11 November 2026: https://english.publictv.in/4-arrested-for-cheating-with-fake-money-with-promise-of-converting-black-money-into-white-sending-fake-rtgs-message/
https://x.com/PublicTVEnglish/status/2120517603986993317
