The gang allegedly duped around 1000 people in West Bengal, Bihar, Odisha and Jharkhand of Rs 2 crore to Rs 2.5 crore, Homkar said.
Acting on a tip-off, the police arrested three members of the gang from near a hotel here.
The gang used to make people sign an agreement on behalf of 'Avish Enterprises Pvt Ltd', a fake company, and took money ranging from 20,000 to 30,000 from them as security deposit and registration, Homkar told a press conference.
The employees, however, were unaware of the illegal activities being carried out by their employers, he said.
The matter came to fore when the people, who had completed the formalities including payment started protesting over the delay in installing the towers, Homkar said.
Sensing that something wrong with the company, the employees also joined the victims forcing the gang members to flee sometime back, he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
