Two arrested for investment frauds
The police have arrested two persons, including a bank employee, for allegedly duping people under the pretext of higher returns on investments in the stock market, officials said on Sunday.
The accused were identified as Kanish Vijayvargiy and Ram Avtar, both natives of Jaipur, the police said.
According to the police, a man filed a complaint alleging that on July 23, he was cheated of Rs 24.60 lakh on the pretext of higher returns through investments in the stock market. An FIR was registered and an investigation was launched.
The police arrested Vijayvargiy and Avtra on Saturday from Gurugram. “During interrogation, they revealed that Ram Avtar works as Deputy Manager in UCO Bank’s Mansarovar branch in Jaipur. He helped open a bank account in Kanisk’s name. Avtar later opened seven fake accounts and provided them to fraudsters for Rs 7,000 each,” Priyanshu Dewan, ACP cyber said.
