The Uttar Pradesh police on Saturday arrested a person for allegedly duping over 600 folks of round Rs 60 crore on the promise of a 60 p.c return on their investments.
The Particular Job Drive of the UP police mentioned it arrested the racket’s mastermind, Hari Om Yadav, from Chandpur village in Sultanpur Street in Lucknow beneath Gosaiganj police station at round 5 am.
The police additionally confiscated three cellphones, 5 cheque books, one passbook, an Aadhaar card, a laptop computer and Rs 700 money from the accused, the STF mentioned in a press release.
The STF mentioned it made the arrest following a probe into complaints by a number of those who they’ve been duped of their cash on the promise of 60 p.c returns on their investments.
Throughout the probe, it transpired that the racket was being run by way of a multi-level advertising mechanism, with Hari Om Yadav, doubling as CMDs of Alaska Actual Property Pvt Ltd, Alaska Commodities and Alaska Enterprises and duping round 600 individuals for Rs 60 crore.
A case was registered on this connection at Gosaiganj police station beneath numerous sections of the IPC, and as many as 9 members of the gang have been arrested earlier on September 15, the assertion mentioned.
(Aside from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)