Delhi Police arrests absconder of Ponzi scheme

The Economic Offenses Wing of Delhi Police has arrested Bhairu Lal Verma, Director of Power Real Developers (India) Limited, who lured huge returns on Ponzi schemes. Bhairu Lal Verma was absconding for the last 10 years. It is alleged that those who invested money in the Ponzi scheme were lured to receive 20% per month thick returns, after which hundreds of crores of rupees were collected from different cities of the country.