A team of Mumbai police on Sunday arrested a person from Mithanpura locality in this north Bihar town for allegedly defrauding people of more than Rs 12 crore in the western metropolis.
Senior Superintendent of Police, Muzaffarpur, Manoj Kumar said Ranjan Kumar Srivastava was arrested by the Mumbai police crime branch team which took him away after producing him before a magistrate and obtaining a transit remand.
The SSP said Srivastava had set up a marketing agency in Mumbai, amassed more than Rs 12 crore by collecting Rs 5,000 each from clients in the name of "security deposit" and fled the city.
Residents of the western metropolis had lodged cases in this connection at police stations concerned and the crime branch, which took up the matter, learnt that the accused was staying at his home here in Mithanpura, the SSP added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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