Two arrested for cheating people, promising them returns on investments in property

The accused were identified as Harish Arora (60) and Vishal Tandon (43), they added.

Two men were arrested for allegedly cheating people by promising them high returns on investments in property, police said on Friday.

The accused were identified as Harish Arora (60) and Vishal Tandon (43), they added.

The main accused in the case, Shanti Swaroop Satija, used to run a firm -- Sampatti Trading and Developers Limited -- at Connaught Place, a senior police officer said.

Satija had launched residential plot schemes in Rajasthan and collected funds from the public, he added.

Satija ran these schemes in 2014. Post-November 2016, he had stopped giving returns to the investors on the pretext of demonetization, the officer said.

On May 15, Satija was arrested and he has since been charge-sheeted in the case, the police said.

Arora and Tandon were also arrested in connection with the case, the officer said.

During interrogation, the police learned that Arora was Satija's brother-in-law, he used to explain the schemes to the prospective investors and also purchase property in his name on behalf of Satija, he added.

Tandon, Satija's son-in-law, was the director of Sampatti Trading and Developers Limited, the police said.

Both Arora and Tandon have been taken into custody by the police for a day.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)