Khargone (MP), Jun 19 (PTI) The Madhya Pradesh police have arrested two post office agents, one of them from neighbouring Maharashtra, for allegedly duping people of crores on the pretext of investing their money in saving schemes, an official said on Saturday.

The main accused Jagdish Kag was arrested from Maharashtra, and based on his interrogation, Deepesh Bhatere was arrested from Khargone, superintendent of police (SP) Shailendra Singh Chouhan said.

As agents, the duo took people into confidence and collected money from them to invest in the small saving schemes. However, instead of depositing the money, the accused kept the sum with themselves and made fake entries in passbooks using fake seals, the official said.

It is estimated that the duo committed a fraud of Rs 6 crore, and the victims were mostly retired employees and traders, he said.

The police received several complaints after the main accused disappeared and investors approached the concerned post offices, the official 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)