Mumbai: The MIDC police have arrested Kharghar resident Vinay Kamble (45) for operating a ponzi scam where investors were promised 15 per cent on their investments. Since Aug 2024, Kamble collected Rs 50 lakh from at least 15 investors, including complainant Mohammed Shaikh, at his Andheri office. Kamble had previous cases against him at APMC police station in Navi Mumbai in 2022 and in Chiplun. After his release on bail, he established offices in both Navi Mumbai and Mumbai, police said. The other accused are Kamble's brother Swapnil, company manager Chandrakant More, agent Gyanendra Gupta. Shaikh had invested Rs 12 lakh. Kamble allegedly defrauded approximately 500 investors in Navi Mumbai since his release on bail. Previously, in 2022, he had allegedly swindled investors of Rs6 crores before serving a two-year in jail. Under DCP (Zone X) Sachin Gunjal's supervision, a team comprising ACP Shashikant Bhosale, senior inspector Rajiv Chavan, inspector Mahesh Gurav, and staff arrested Kamble from Navi Mumbai.