Two Arrested For Duping Man Of Rs 1.43cr In Investment Fraud In Indore
Indore (Madhya Pradesh): Police arrested two people in connection with an alleged Rs 1.43 crore fraud promising profits from investment in grain market trading, crime branch officials said on Friday. According to additional DCP Rajesh Dandotiya, the suspects have been identified as Gaurav Jain and Akash Jain. Police said Kawaldeep Singh Reen, a resident of Bhicholi Road, filed the complaint.…
Indore police have arrested Gaurav Jain and Akash Jain for allegedly defrauding a resident of Rs 1.43 crore through an investment scam promising profits from the grain market business, officials said on Friday. The accused promised the victim that his money would grow if he invested in the grain market. The victim, Kawaldeep Singh Reen, transferred the entire sum through various bank accounts over time.
When he later demanded his money back, the suspects allegedly could not return the principal amount and instead assured higher profits. During the investigation, the police checked multiple bank accounts, mobile numbers, and other documents related to the case. They have previously registered eight cases against Gaurav Jain and two against Akash Jain.
The police are currently questioning the suspects about the transactions and are also looking into the involvement of other individuals in the alleged fraud.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
