Six men, including a postman, were arrested for allegedly cheating people on the pretext of ensuring high returns on investments and getting back their money stuck in lapsed insurance policies.
The gang was operating from Begusarai in Bihar and a financial analysis shows that transactions of over Rs 40 crore were done through 35 bank accounts and more than 100 people have been duped, a senior police officer said.
Investigation was initiated following a complaint from a man that some unknown people cheated him of Rs 2.8 crore in the last seven to eight years on the promise of getting back his money stuck in an insurance policy, police said.