A man has been arrested for allegedly cheating more than 80 people across India. (Representational)
New Delhi:
A 41-year-old man has been arrested by the Delhi Police for allegedly cheating more than 80 people across India of Rs 8 crore. He was allegedly linked to fraudulent investing schemes, also known as ponzi schemes.
The accused, identified as Gopal Dalapati, was arrested near Saket Court Complex on Thursday, police said. He used to cheat people by luring them to invest their money in fraudulent schemes and promising high returns.
Gopal Dalpati was the director of a firm registered with the name of M/s weird Infrastructure Corporation Ltd & Weird Industries Ltd. The firm issued debenture certificates to people for assurance to return their money with high returns.