Jayaram (38), Owner of Nimisha Investment and Land Development and Stock Exchange Company, Jayaram (38), who was missing for months after cheating more than 1000 investors, has been arrested finally.
When the investors got realised he had run away with their money, they went to V V Puram police station to register a complaint. The police did not register a complaint, saying it is a civil dispute. With the intervention of the court, complaints were registered at Ashokapuram and Kuvempunagar police stations.
Six complaints have been registered at Kuvempunagar and two complaints at Ashokapuram. On being tipped that he was hiding in Bengaluru, CCB and Mysuru police nabbed him.
The accused has been sent to judicial custody. Jayaram, it is alleged, was missing since six months and the investigations are on.