Acting on a tip-off, police yesterday raided the "call centre" and arrested the five accused. It also seized eight mobile phones, 20 landlines, three laptops and a car from their possession.
According to police officials, the gang has cheated over 24 people of several lakhs of rupees on the pretext of paying them hefty rent after installing mobile towers and ATMs on their property.
Police said the arrested have been identified as Lakhan, Som Dutt, Amit, Sunil and Rahul.