Two men were arrested in New Town on Thursday for allegedly duping people by selling a “magic” colour that they told customers could turn a piece of paper into a Rs 2,000 note.

The duo had also allegedly given people photocopies of US dollars in the guise of exchanging foreign currency, police said.

The accused have been booked for cheating, fraud and criminal conspiracy.

Photocopies of US dollars were found on the two, the police said.