Prime accused in major inter-State investment fraud case arrested in Adilabad

Talamadugu police in Adilabad district have arrested Raj Kumar Roy alias Raj Kumar Kailash Rai, 69, managing director of Unique Mercantile India Limited, Ahmedabad, in connection with an alleged investment fraud involving hundreds of crores of rupees across Telangana, police said.

Addressing the media in Adilabad on Wednesday evening, Superintendent of Police Akhil Mahajan said the accused allegedly collected money from the public by promising attractive investment schemes, chit fund benefits and high returns.