Three MBA students were nabbed by Piplani Police on the charge of duping lakhs of rupees from city based traders. Goods were recovered from them in Shalimar Enclave in Arera Colony.
Piplani police nabbed three MBA students of RKDF College who used to dupe city based traders by providing cheques to furniture and electronic dealers.
The three were identified as Vikram Shrivastava (26), Rajnikant alias Robot (21) and Vikrant alias Bittu Yadav (24).
Investigating Officer ASI Shrikant Dwivedi said that the crime was committed after Vikram received a cheque book of Maharashtra which belongs to Dinesh Singh Chouhan who used to live in the same apartment before the accused and shifted to Hoshangabad.
Vikram hails from Gwalior and was the mastermind as after receiving the cheque book he got the idea to dupe the traders using the cheques. The accused were pursuing MBA and were in second semester, he added.
The matter came into fore after the cheques were dishonored and complaints were lodged by the traders and during the investigation the fraud was revealed after Vikram was nabbed and on being questioned he confessed the crime. Furniture and electronic goods worth Rs2 lakh were recovered from their possession.
The accused have confessed to five frauds in the city two in Ayodhya Nagar, one each in MP Nagar, TT Nagar and Piplani.
Rajnikant and Vikrant are residents of Seoni and were involved in all the frauds.
The families of the accused used to provide money for pursuing studies and to enjoy other luxuries they were not having enough money and when they received the cheque book.