A couple who allegedly duped over two lakh people and siphoned off close to Rs. 500 crore by promising lucrative returns on investments have been arrested by the Economic Offences Wing (EOW) of the Delhi Police at Ratnagiri in Maharashtra.
The two allegedly lured people to invest in their financial consultancy company, “Stock Guru India”, by assuring them a 20 per cent return per month on the invested money and a full refund of the principal amount after seven months.
The husband-wife duo whose real names are Ulhas Prabhakar Khaire and Raksha J. Urs assumed different identities and had been on the run since April 2011.
The victims said the couple, who introduced themselves as Lokeshwar Dev and Priyanka Saraswat Dev, had an office at Moti Nagar in the Capital. According to the police, the couple moved to Delhi in December 2009. “Initially they took up a flat in West Patel Nagar and started running advertisements in newspaper about investment tips on stocks,” said Sandeep Goel, Joint Commissioner of Police, EOW.