Mumbai police arrest conman behind 12 crore ‘marketing agency’ fraud

Mumbai police arrest conman behind 12 crore 'marketing agency' fraud
The accused had set up a marketing agency in Mumbai and amassed more than Rs 12 crore by collecting Rs 5,000 each from clients in the name of security deposit (Representational Image)

Mumbai police on Sunday arrested a man from Muzaffarpur in north Bihar for allegedly conning several people from the western suburbs of more than Rs 12 crore.

Ranjan Kumar Srivastava was arrested and taken to the maximum city by the Mumbai police crime branch team, said Manoj Kumar, Senior Superintendent of Police, Muzaffarpur.

The accused was arrested from Lakshmi Narayan Colony, which falls under the jurisdiction of Mithanpura Police Station in Muzaffarpur.

The SSP said Srivastava had set up a marketing agency in Mumbai, amassed more than Rs 12 crore by collecting Rs 5,000 each from clients in the name of “security deposit” and fled the city.

Residents of the western metropolis had lodged cases in this connection at police stations concerned. The matter was subsequently taken up by the crime branch.

Upon learning that Ranjan was in Mithanpura, a team was dispatched to apprehend him. Following the arrest, the crime branch team brought him to the city away after producing him before a magistrate and obtaining a transit remand.

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