LUCKNOW, Dec. 20 -- Economic Offences Wing (EOW) of Uttar Pradesh Police has arrested a man wanted in connection with a chit fund scam, as per a note issued by the EOW headquarters on Friday. Lehna Web World Company, which operated in Kanpur Nagar, allegedly duped investors of lakhs of rupees.

The arrest was made during a special drive taken up to nab people involved in economic offences who are absconding. The accused, Shailendra Tiwari from Jashodanagar in Kanpur Nagar, was arrested from Kanpur Nagar on Thursday.

The case dates back to 2011, when Lehna opened its office in Kanpur Nagar and launched an investment scheme promising to double the deposited amounts within 12 months. Lured by the promise of unusually high returns, several p...