Two held for cheating public of over Rs 10 lakh

The Central Crime Branch (CCB) sleuths have arrested two men on Thursday for allegedly cheating several people of over Rs10 lakh on the pretext of running a chain-link business.

The accused have been identified as M Mukunda, 30, a native of Kunigal in Tumkur and a resident of Magadi Road, and Vijay Raghavan, 32, of Jayanagar.

Police said that the duo was running Apex Web Services & Online Education Pvt Limited company in Kamakshipalya. They have been cheating the public since the last two years. The duo charged Rs350 per person as membership fees and assured them they would get Rs100 as commission if they introduce the business to another person. Further, if the person introduced by introduces another person, they would get a commission of Rs200.

"Investigations revealed that the head office of the firm is in Secunderabad and is owned by a man named Suresh. A Mysore-based man, identified as K S Nanjegowda, introduced the duo to Suresh. A laptop, mobile phones, advertising hand bills, identity cards, bank passbooks and other documents have been seized," the police added.

The police have requested those cheated by the company to approach the Kamakshipalya police.