Archive · 19 May 2025
Kingpin of Fake Investment Racket Apprehended in Ranchi
Imagine a person named Namit Kumar, who ran a pretend bank.
He told people they could earn a lot of money by putting their savings in his bank.
He promised higher interest rates than real banks.
Many people believed him and gave him their money.
But it was all a trick!
Kumar wasn't running a real bank, and he took their money and ran away for five years.
He was finally caught by the police in Ranchi and arrested.
The police are asking other people who lost money to come forward and report it so they can help get their money back.
Namit Kumar, the kingpin of a fake investment racket, was arrested in Ranchi.
He was wanted in connection with eight cases of embezzlement.
Kumar operated a fictitious bank called Manav Seva Bank.
The fake bank promised higher interest rates to attract depositors.
Kumar is accused of siphoning off around Rs 50 lakh from depositors.
- Who
- Namit Kumar, the kingpin of a fake investment scheme.
- What
- Namit Kumar was arrested for operating a fake bank and embezzling money.
- When
- Arrested on Saturday after being on the run for five years.
- Where
- Arrested in Ranchi.
- Why
- Kumar operated a fictitious bank and promised high-interest rates to attract investors.
- Accused
- Namit Kumar
- Charges
- Embezzlement
- Number of Cases
- 8
- Location of Arrest
- Ranchi
- Fictitious Bank Name
- Manav Seva Bank
- Amount Siphoned Off
- Around Rs 50 lakh