Tuesday, 17 May, 2022
HomeIndiaPonzi scheme: Man on the run since 2020 arrested in Thane

Ponzi scheme: Man on the run since 2020 arrested in Thane

Text Size:

Thane, Jan 28 (PTI) A man on the run since November, 2020 after allegedly cheating investors has been arrested, a Thane police official said on Friday.

Economic Offences Wing assistant inspector Sameer Shaikh said Aditya Rediz, director of a firm that had duped some 10,000 people to the tune of around Rs 22 crore, including Rs 35.38 lakh from a 57-year-old woman, was held on a tip off from Badlapur on Wednesday.

He said the chairperson of the company, identified as Arun Gandhi, was held earlier, and efforts are on to nab Aditya’s parents Hemant and Manasi, who are also directors. PTI COR BNM BNM BNM

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

Most Popular

×