2 men arrested for duping people of over Rs 1.24 crore in Ponzi scheme

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New Delhi, Aug 27 (PTI) Two men were arrested for allegedly duping people on the pretext of investing their money in the share market and other places for high returns, police said on Friday.

The accused have been identified as Sandeep Bhatia, a resident of Ambala Cantt, and Sachin Kumar of Adarsh Nagar here, they said.

In a complaint, Ashim Sikka said he was approached online by one Arman Thapa, who introduced himself as an investment broker.

Thapa induced him to invest Rs 2 lakh with a promise to pay Rs 48,000 per day for one month, police said.

The complainant agreed to invest Rs 1 lakh for assured return of Rs 24,000 per day for 30 days.

However, the accused told Sikka that his amount had been sent into the scheme of Rs 2 lakh by mistake and requested to pay Rs 1 lakh more, police said.

When complainant asked for return of one day, accused paid Rs 24,000 to gain his trust.

After getting Rs 24,000, Sikka paid Rs 1 lakh more to…

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