Vardhman Group CEO Conned Of Rs 7 Cr; 2 Arrested

Ludhiana: A gang of inter-state frauds who duped noted industrialist and Vardhaman Group CEO Shri Paul Oswal of Rs 7 crore, was busted by the Punjab Police on Sunday.

According to the Ludhiana Police two cyber criminals of the gang have been arrested. Around Rs 5.25 crore have been recovered from the arrested persons.

Police have identified seven other members of this gang. Efforts were on to nab them. The nine members of this gang of cyber fraudsters were from Assam and West Bengal.

The fraudsters conned the CEO of Vardhman Group SP Oswal and withdrew Rs 7 crore from bank accounts of the industrialist.

A member of the gang posed as a CBI officer and showed the industrialist a fake arrest warrant and threatened him with digital arrest.

The arrested accused were identified as Atanoo Choudhary and Anand Kumar Choudhary from Guwahati in Assam.