Mumbai, Oct 7 (PTI) A 42-year-old man has been nabbed by the Mumbai Police's crime branch from Surat for allegedly duping people on the pretext of offering good returns on their investments, an official said on Saturday.

The arrested accused is identified as Paresh Kumar Patel. His wife is also an accused in the case, the crime branch unit IV official said.

Also Read | Tamil Nadu Marriage Assistance Scheme: Stalin Government Allocates Rs 117.18 Crore for Purchasing Gold Coins.

Last year, an FIR was registered at Matunga police station in Mumbai against the Patel couple for allegedly cheating people of Rs 74.70 lakh under the pretext of offering good returns if they invest in a company floated by the accused couple.

The case was subsequently transferred to the crime branch for further probe, the official said.

Also Read | Delhi Airport Thefts: Seven Arrested for Stealing Valuables From Passengers’ Bags at IGI Airport.

He said Paresh Kumar Patel was nabbed from a parking area in Surat city based on reliable information.

He was produced before a court which remanded him to police custody till October 10, 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)