Man Accused for Farud of 1.4cr Caught By Vittal Police

Man Accused for Farud of 1.4cr Caught By Vittal Police

Mangalore Today News Network

Bantwal, Mar 31 2012 : Mohammed Anwar (28), who has been accused of cheating people of Rs 1.4 crore, was arrested by Vittal police on Friday March 30th.

A resident of Kuddupadavu in Kepu gram panchayat, Anwar was running JRG Solutions, a share broking agency in Vittal. He closed shop in February 2012, claiming to have sustained huge losses, and had been absconding since then.

The police were on the lookout for Anwar based on the complaint lodged by Saira, a resident of Kalladka, in February. She had accused him taking Rs 4 lac from her and not paying back as promised. Abdul Kunhi, a resident of Ponnottu, near Vittal, also registered a case against Anwar over dishonouring of a cheque that was issued 10 months ago by the latter.

Anwar set up the business three years ago and had taken money from several people to invest in shares. Some of them paid him 10-15 lacs. Every month, he used to give them a few thousands claiming it to be gains from shares. This way, he won their confidence, and thus got more investments.

Two years later, he met with an accident and was seriously injured. When he returned to his office after recovery, people began demanding their money back. But he disappeared.


Sources said that he had fled abroad. One by one, 22 of his investors filed complaints against him. The police got information that he was coming to Vittal from Kerala, and tracked him down.

Vittal police presented Anwar before the court here on Friday.