Chhattisgarh Police on Saturday arrested four persons for cheating a man of Rs 40.58 lakhs by offering him partnership in investment in mortgaged gold in banks and developing an instant loan app for youngsters between 2019 and 2021 in Durg district. One accused is at large.
Durg Additional Superintendent of Police (Urban) Sanjay Dhruv told The Pioneer that the mastermind Shekhar Pasine (33), Adnan Sheikh Qureshi (32), Pankaj Verma (29) and Muskan Gupta (23) have been taken into custody.
Efforts were on to nab Sharik Khan, he said.
Pasine hails from Bhilai, Qureshi lives in Raipur and the other two are from Satna in Madhya Pradesh.
Complainant Jay Prakash Chauhan of Bhilai lodged a cheating case with the police in April.
Based on a technical analysis of mobile numbers and bank accounts, the police nabbed Pasine from Bilaspur and the others from Raipur city. They confessed to cheating Chauhan, the officer said.
They told the police that they took money from Chauhan between December 2019 and June 2021 in installments by offering a partnership offer for developing an instant loan app for youngsters besides higher returns by investing in gold mortgaged in banks, the officer said.