New Delhi, Dec 7 (IANS) Two brothers and their associate were arrested for cheating over a hundred investors through a multi-crore rupee scam, police said Friday.
"Sandeep and Manoj Shukla, the two brothers and their associate Surendra Batho, were arrested from Pitampura area Thursday," said Deputy Commissioner of Police P. Karunakaran.
"The accused trio had floated several bogus companies and used multiple false identities to solicit investments and promise lucrative returns on the pretext of providing call-centre franchises," Karunakaran said.
Sumitra Kumari lodged a complaint with police last month that a company at Netaji Subhash Place in Pitampura, owned by the two brothers, duped her in the lieu of her investment for a call centre franchise.
She had invested Rs.16 lakhs in two instalments, police said.