Indore, July 20 -- Two persons have been arrested for allegedly duping people of Rs 1.35 crore in a cryptocurrency investment fraud in Madhya Pradesh's Indore, officials said on Sunday.

Additional DCP (Crime Branch) Rajesh Dandotiya said that the accused, identified as Abhishek Kumar Mahato and Anurag Kumar Jha, are co-founders of a Bengaluru-based private company.

They allegedly defrauded four individuals from Indore: Murshid Khan, Kapil Thakur, Amit Narwar, and Rahul Chauhan.

"Abhishek Kumar Mahato, founder of NOMOEX TECHNOLOGIES PVT LTD, and co-founder Anurag Kumar Jha, defrauded the victims of Rs 1.34 crore in the name of investment," Additional DCP Dandotiya said.

During the investigation, it was found that the accused lured peop...