Police said that the duo had absconded as soon as they learned that an FIR was filed against them
JAIPUR: Shyam Nagar police arrested a father-son duo for allegedly duping investors of Rs 10 crore by promising them a guaranteed return. Police said that an FIR was filed on September 18, in which the victim alleged that he had transferred Rs 1,07,50,000 into the bank account of two persons for trading in share markets.
A few days later, he tried to spoke to the traders but they had switched off their phones. Police identified the accused as Rama Kant Khandelwal (46), and his son Rakshit Khandelwal (25). Both are residents of the Vaishali Nagar area.
Police said that the duo had absconded as soon as they learned that an FIR was filed against them. “We found that they had shifted to Tonk district. When our teams arrived there, we found that the accused had moved to Ahmedabad in Gujarat. The police party arrested the accused from there and brought them to Jaipur,” said an official.
Police claimed that they learned during the investigation that the accused took money in different tranches from investors by promising higher returns. Once the money was deposited into their account, they would quickly disburse the money by transferring it into their multiple bank accounts.
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