Meerut, May 26 -- The Bareilly police arrested Rajesh Maurya, director of Shri Ganga Infracity Private Limited, who had been absconding for over a year and a half after allegedly duping city residents of Rs.300 crore through a massive real estate investment scam. Maurya was presented in court and subsequently sent to jail, police said on Monday.

According to officials, Maurya masterminded the elaborate fraud nearly six years ago, promising investors lucrative returns in land development schemes. By showing them plots near Kamua Mod and offering to double their money, he lured thousands into pouring crores into his company. The operation was run from an office situated in front of Green Park, which soon became a hotspot for hopeful invest...