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.
