"It was like a family syndicate being run by the two -- Madhuri Sharma and her son Vishal Sharma," he said, adding the accused were arrested from Pune using information on accounts, office premises and mobile phones.



"Another accused Ashok Kumar is still absconding" he said.

As many as 77 passports, 11 hard disks, several rubber stamps, passbooks, cheque books, receipts and other incriminating documents related to the company were recovered, the officer said.