Delhi Police arrests man for Rs 1 crore investment scam

NEW DELHI:A fraudster wanted in a six-year-old case for allegedly duping a man Rs 1 crore in a fake investment scheme has been arrested, an official said on Wednesday.
Tarun Kumar, aged 29, a fugitive in a cheating case filed at Lahori Gate Police Station, was apprehended on Thursday. Kumar, who hails from Karnal, Haryana, had been evading authorities since the case was registered in 2019.
According to the Deputy Commissioner of Police (Crime), the victim Sunil Juneja was persuaded by Mohammed Ashraf to put Rs 1 crore into a scheme, with a promised return of Rs 1.25 crore.
On January 15, 2019, Juneja delivered the money to Kumar and his accomplice Ajeet. Subsequently, all the accused parties, including Kumar and Ashraf, disappeared.
Although Ashraf was initially captured, Kumar and other suspects successfully avoided law enforcement until recently. Through technical surveillance, authorities located Kumar in Karnal, Haryana.
The police team captured him on February 20.
A BBA graduate, Kumar had been employed in the insurance sector whilst being a fugitive.
He regularly switched his residence and employment to stay ahead of law enforcement.
KEY HIGHLIGHTS
Wanted criminal Tarun Kumar, absconding since 2019 in a cheating case, was arrested in Karnal, Haryana, on February 20 after police tracked him through surveillance.Kumar and his associates duped Sunil Juneja of Rs 1 crore in a fraudulent investment scheme, promising Rs1.25 crore in return, before fleeing with the money.While one accused, Mohammed Ashraf, was arrested earlier, Kumar remained on the run, frequently changing locations and jobs to evade police detection.Kumar, a BBA graduate, worked in the insurance sector while absconding, using different workplaces and residences to avoid being traced by authorities.Delhi Police's crime branch used technical surveillance to track Kumar to Karnal, leading to his successful arrest after years of evasion.