NEW DELHI, May 16 -- The Economic Offences Wing (EOW) of Delhi Police on Tuesday arrested a 41-year-old man for allegedly orchestrating a Rs.6.35 crore fraud through a bogus scrap trading business that duped at least 38 people. The accused, identified as Zamil Akhtar, was arrested after he surrendered at Karkardooma Court following months on the run, police said.
According to DCP (EOW) Vikram K Porwal, Akhtar operated the scheme from New Mustafabad in northeast Delhi, luring dozens of investors with fake promises of high returns from a non-existent scrap trading venture.
Published by HT Digital Content Services with permission from Hindustan Times....