BENGALURU: The Pulakeshi Nagar Police have arrested three fraudsters for selling fake diamonds, based on a complaint lodged by businessman Vijayaraj and seized fake diamonds from them. The arrested are Nagaraj, Balakrishna and Rajesh.
The gang targets businessmen and they start dealing after luring them with showing Rs 25 crore worth fake diamonds. Once they got confidence of a businessman, they will ask for advance first. Then, they will collect money phase by phase from businessmen.
The businessman Vijayaraj entered into a deal with the trio for trading in diamonds. However, he got suspicious after he lost huge money to the fraudsters. Following this, he lodged a complaint with the Pulakeshi Nagar police.
The police expect that more such fraud cases may come to light during the course of the investigation.