Ravi Joshi, former deputy manager of Nagrik Sahkari Bank, who is in jail for siphoning of Rs 60 lakh from the bank, had invested the amount in the fradulent scheme of the accused. During Joshi’s interrogation, police came to know that he had come in contact with this gang through a friend named Bhavyesh Mandani.
Sahir Male (29), Dawood Movar (24) and Rasik Malek (23), all residents of Surendranagar were arrested and cops seized Rs 10 lakh cash from them. Four accused tasked with finding investors still on the run. tnn