The Delhi Police on Wednesday arrested Acharya Ashokananda Maharaj for his alleged involvement in a case of fraud, running into several crores of rupees.
He was evading arrest and today he was apprehended from his native village Bisrakh, Greater Noida. Further investigation is on.
"The modus operandi was that he organised religious programmes to convince the people to join the schemes and to invest their money in short term schemes like invest Rs 1,000 per month for 10 months and get back Rs 15,000 after 10 months," said Deputy Commissioner of Police (DCP), East, Jasmeet Singh.
A case was registered against Acharya and his associates three months ago at Shakarpur Police Station under Sections 420, 406, 120B and 34 of the Indian Penal Code (IPC) in November last year. The case relates to cheating worth Rs 14,30,000.
The complainant had alleged that accused persons allured public persons especially housewives to invest their money in various schemes in their company Mohan Inframart Pvt Ltd.
"A total of 15 complaints have been received till date. The total cheated amount is Rs 70 lakh approximately," the senior police official said.
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