A team of Mumbai police on Sunday arrested a person from Mithanpura locality in this north Bihar town for allegedly defrauding people of more than Rs 12 crore in the western metropolis.
Senior Superintendent of Police, Muzaffarpur, Manoj Kumar said Ranjan Kumar Srivastava was arrested by the Mumbai police crime branch team which took him away after producing him before a magistrate and obtaining a transit remand.
The SSP said Srivastava had set up a marketing agency in Mumbai, amassed more than Rs 12 crore by collecting Rs 5,000 each from clients in the name of "security deposit" and fled the city.
Residents of the western metropolis had lodged cases in this connection at police stations concerned and the crime branch, which took up the matter, learnt that the accused was staying at his home here in Mithanpura, the SSP added.
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