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An MBA graduate has been arrested by the Economic Offences Wing (EOW) of Delhi Police for allegedly cheating people worth Rs 100 crores through Ponzi schemes. The other two accused have fled abroad and police have issued look-out circulars against them.
Earlier, the officials of Assam Police were conducting the investigation against the company, which had its base in Guwahati and headquarters in Kolkata.
A member of a gang that duped several investors and housewives of Rs 3.6 crore through multi-level marketing Ponzi schemes was arrested in Delhi.
The Central Bureau of Investigation (CBI) has arrested 11 more persons, including businessmen and Pearls Group employees in connection with Rs 60,000 crore Pearls Ponzi Scheme case.
The ED said preliminary probe suggests that around 2,420 persons had invested in the scheme