India, Dec. 4 -- Ravindra Nath Soni, the prime accused in one of the UAE's biggest investment frauds, was arrested on Sunday afternoon in Dehradun after an 18-month manhunt. It was a food delivery order that led to his arrest.
Ravindra Nath Soni, 44, is the owner of the Dubai-based BlueChip Group and the prime accused in a major investment scam, as per a Khaleej Times report. He allegedly defrauded numerous investors by promising unusually high monthly returns through his company.
BlueChip, which operated out of the Al Jawhara Building in Bur Dubai, advertised "guaranteed" returns of 3 per cent per month - or 36 per cent annually - on a minimum investment of USD 10,000 locked in for 18 months.
(Also read: Who is Indian-origin owner Rav...
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