According to the victims, the company, stated as Reliable Gems and Jewellery Limited, allegedly duped people to the tune of Rs 2 crore.
Even beggars had invested in the company some to the tune of Rs one lakh, said Officer-in-charge of Sitaramdera station, Dayanad Kumar.
Kumar said two agents including a woman of the company were arrested after a case was registered in this regard.
The closure of the company came to fore when some of the investors went to collect their amount after their tenure of investment matured.
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