A 71-year-old man was arrested for allegedly duping a Belgium-based NRI of Rs 15 crore, police said in Phagwara on Monday.
Sohan Shihn was arrested from an undisclosed location and produced before a local court which sent him into a one-day police remand, said Satnampura SHO Sikander Singh.
He said that police were raiding suspected hideouts to trace the other four accused.
Local police had booked five persons – Sohan, his wife Veena Shinh, his sons Lokesh Shinh and Mohit Shinh and daughter-in-law Idlim Shinh – on charges of fraud, forgery, criminal conspiracy on a complaint of a Belgium-based NRI Sarabjit Singh who had accused them of duping him of Rs 15 crore on the pretext of boosting his business prospects.
Sarabjit originally belonging to Sanghera road Barnala while the accused hailed from Adarsh Nagar Phagwara.
Projected himself as a banker in Australia and a business expert, Lokesh had trapped Sarabjit in an investment for a business deal in Dubai, defrauding him of Rs 15 crore, police had said after registering a case in the incident.
Sourced from PTI, Featured image courtesy: www.huffingtonpost.com
