Rajnandgaon, May 15 (PTI) Two persons were arrested from Rajasthan by Chhattisgarh's Rajnandgaon police for their alleged involvement in a fraudulent investment scheme, an official said on Sunday.

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Mukesh Modi (62) and Rahul Modi (36) are accused of cheating 356 persons of Rs 3-5 crore last year, said Rajnandgaon Superintendent of Police Santosh Singh.

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"They are directors of Adarsh Credit Cooperative Society Limited in Rajasthan and had opened a branch in Rajnandgaon. On June 4, 2021, one Sandeep Singh Bhadauria from here had lodged a complaint against the duo for cheating him of Rs 1.72 lakh. They have some 150 cases against their names in Rajasthan," Singh said.

Police brought them here from a jail in Sirohi district in Rajasthan on a production warrant, he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)