BENGALURU: A 43-year-old man from Rajiv Gandhinagar near Nandini Layout in Bengaluru was arrested for allegedly cheating over 350 people in the city for promising heavy returns from his online trading business but went missing since January this year was caught by central crime branch (CCB) sleuths from Yeshwanthpur railway station here on Friday.
The suspect Rajendra Kumar S, started his online trading in stock market from his office on Magadi Road, Bengaluru west in 2012 and invited several people to invest in the online trading firm promising them that he will return the money invested with 5-10 percent interest as profit arising out of the business. In January he went missing and several investors approached the city police which ordered the CCB to trace him. “We could find him running around Andhra Pradesh, Orissa, West Bengal, Uttarakhand, Bihar and several other states by switching off his mobile quite often and changing the sim cards. But he was caught at the railway station in the city when we found that he was returning to city to stay here for a short while. We could recover Rs 1.6 lakh in cash, besides a laptop and mobile from him at the time of the arrest,” a CCB officer claimed. He has been remanded to police custody and the CCB officers will question him to know more about his involvement in the online trading and the number of people who were cheated by him, an officer said.