India, Jan. 12 -- The Economic Offences Wing (EOW) of Pune police arrested two directors of Trades Investment Pvt Ltd and Infinite Bacon India Pvt Ltd at the Hyderabad international airport after they arrived from Sharjah, in connection with a Rs.2.38 crore investment fraud case.

The accused have been identified as Sachin Laxman Khadtare (38), a resident of Khadtare Vasti in Karkamb village of Pandharpur taluka, Solapur district, and Prasad Prakashrao Kulkarni (36), a resident of Sarang Society, Nanded City.

According to the police, the accused and their associates allegedly lured investors by promising monthly returns of 6 to 8 per cent on investments, after claiming to be engaged in share market trading. The companies accepted money f...