Businessman arrested from Bengal for Rs 40 crore investment fraud
Businessman Amit Mandal was arrested for allegedly duping hundreds of investors in Odisha and Bengal of nearly Rs 40 crore. Promising high returns from share trading, Mandal lured victims with monthly gains of 3.5% to 7%. Investigations revealed he mobilised Rs 120 crore, with Rs 80 crore refunded and the rest misappropriated.
