India, Dec. 3 -- The main accused in one of the UAE's largest investment frauds was arrested in Dehradun, Uttarakhand. Reportedly, India-origin Ravindra Nath Soni was taken into custody by the police after an 18-month international hunt.

He is the owner of the Dubai-based BlueChip Group and the prime accused in a scam, reported Khaleej Times. The 44-year-old was arrested by Kanpur police. A reward of Rs.10,000 was also announced for any information that would lead to his arrest.

"Soni defrauded numerous victims by promising high monthly returns through his Dubai-based company BlueChip. He has a long criminal history with three prior cases of fraud registered against him. We are now following the money trail and will seize all bank accou...