2 Arrested For Duping Investors Of Over Rs 2 Crore In Noida: Police

The modus operandi of the gang has been found similar to the infamous ''Bike Bot'' scam in which over two lakh people were duped of around Rs 3,500 crore, the officials said.

The Noida Police on Saturday said it has arrested two men for duping over Rs 2 crore from people on the pretext of giving them lucrative monthly returns on investment in their car taxi service company. The modus operandi of the gang has been found similar to the infamous ''Bike Bot'' scam in which over two lakh people were duped of around Rs 3,500 crore, the officials said. The matter came to light after a complaint of fraud at the Phase 3 police station in Noida, Additional Deputy Commissioner of Police (Central Noida) Ankur Aggarwal said. "The company officials had told investors that their taxis would be engaged by the government for its officials on a contract basis and all investors would get a lucrative monthly return," Aggarwal said.