
Mangalore, Sep 27: Two agents of a finance company have been arrested on charges of fraud and duping consumers of crores of rupees here on Thursday night.
Bunder police have arrested Jeevaraj Puranik (55), resident of Sultan Battery and Roshan D'Souza (40) from Kodikal, in connection with the case.
Working as business agents at a finance company named Vruksha Business Solutions located in Utility Royal Towers, in K S Rao Road in the city, the two arrested reportedly collected lakhs of money from consumers through a scheme by offering 18 percent as the rate of interest. Thereafter, they would dupe the consumers of their money and interest.
One of the consumers Pramodini Shetty, gave a written complaint to the Commissioner of Police in this regard. A case was registered at Bunder police station.
After conducting investigation in the case, the police have arrested the duo on charges of fraud.
According to police sources, some consumers had been cheated of over Rs 5 lakhs by the company. Plenty of consumers have been cheated of their money. There are possibilities of having been cheated to the tune of Rs 10 lakhs from certain consumers, they said.
The two have been remanded to judicial custody.
Prior to the arrest, consumers, who had been duped, had staged a demonstration in front of the deputy commissioner's office recently.

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