JAIPUR: The Jawahar Nagar police on Friday arrested the kingpin involved in duping nearly 150 people on the pretext of promising unrealistic returns on their investment. The accused had been on the run since around December 2016 and January 2017, when the first FIR against him was lodged and police had also announced a cash reward of Rs. 5,000 on him. After the arrest the police will interrogate him and will scan his bank accounts, movable and immovable assets.

According to police, the accused had opened an office during 2016 and had promised double and triple returns on the investments. He had also asked people to invest in the real estate for good returns.

“Many FIRs were lodged against the accused identified as Jagdish Vishnoi at various police stations across the city including Jawahar Nagar as he had duped nearly Rs 15 crore in the name of investment. It is also evident in the case that many people also refrained from lodging an FIR in fear of income-tax department,” said a senior officer of Jawahar Nagar police station.

On his arrest, Jitendra Gangwani, station house officer, Jawahar Nagar police station, said, “He was on the run since December, 2016. Since police later had also announced a reward of Rs 5,000 on him, he was maintaining a very low profile in Gurgaon. In this arrest the conventional policing and informers’ network proved handy.”

Since he was a standing warrantee, the police produced him to the link court which sent him to judicial custody. “We will move an application in the court for his remand,” said Gangwani.

Jagdish has seven cases registered against him at Pratap Nagar police station and one case each at Chandwaji and Jawahar Nagar police stations.

Vishnoi is a native of Raisingh Nagar of Sriganganagar district and he lived in NRI at Pratap Nagar locality of Jaipur. “Initially he paid good returns to the investors which created a good word-of-mouth publicity for him. However, when he fled people registered case against him,” said an officer.

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