Two persons arrested for cheating a man around Rs 20 lakh

Two persons have been arrested for allegedly cheating around Rs 20 lakh from a retired government employee in Ashok Nagar area of east Delhi.
Accused Amit Singh and Rehan Siddique, were arrested by police from Shastri Nagar area, said DCP(east) Rishi Pal said.
The arrest also resulted in recovery of 26 walkie-talkie phones, eight SIM cards, a laptop containing data of potential victims who were called and lured on the pretext of life insurance policy bonuses.
The duo were arrested following a complaint by retired government employee Kailash Nath Singh who was made to deposit Rs 19,88,500, in the bank account details provided by the accused who had introduced themselves as LIC agents, said the officer.

During interrogation, they revealed that several offices were run by them in different parts of Delhi and Noida which were used to lure potential victims and obtain money from them through bank deposits. They would purchase customer data from vendors who sold them names, phone numbers and other details of large number of persons.