New Delhi, Dec 10 (IANS) A man from Manipur was arrested here for cheating over 23,000 people by claiming that money deposited with him will triple in three months, police said Monday.
Ningombam Raju was arrested Friday from south Delhi's Kotla Mubarakpur area where he had taken shelter for some months, Deputy Commissioner of Police Sanjeev Kumar Yadav told IANS.
Raju came to Delhi in 1995 and after some time joined a marketing company at Paschim Vihar in west Delhi.
The company was owned by a Manipuri man who fled after cheating many people. Raju learnt the modus operandi and plunged into a career of crime.
"He used to tell his victims that if they deposited Rs.10,000, the money would triple in three months," the officer said.
"The accused lured many Manipuris into investing in his bogus company by arranging for their visit to Delhi," the officer said. He ended up cheating a staggering 23,000 people.