Mumbai: Man held for duping investors by promising double returns in a month

The police action came after a BEST employee filed a complaint claiming that he had invested around Rs 2 lakh in the scheme.

“The BEST employee learned about the company through a friend. Following this, he, along with his friend, visited the office in October to learn about the scheme, “ an officer said.

Gupta allegedly promised to double the investment and return it within 30 days, following which the complainant invested around Rs 2 lakh, police said.

However, according to police, when the complainant went to the office again after 30 days, Gupta allegedly asked for another 15 days and assured him of returning the promised amount.

“After 15 days, the investors started trying to contact Gupta. When they did not receive satisfactory answers, they visited the office, only to find it locked,” the officer said.

The police said that the investor then managed to trace the accused, who again promised to return their money.

After the investors approached the police, a case was registered on Thursday and the accused was arrested later in the day.