BENGALURU: A software engineer, who quit his job to start a biscuit business, and four others from his family have allegedly cheated at least four people of Rs 78 lakh by promising high returns on investments. Manoj Rao, 28, a resident of Nanjambha Agrahara, was arrested on Friday.
Four people approached police with complaints, based on which they’ve booked cases against Rao, his mother, sister and two of their close relatives. Rao and his family members, police said, gained the confidence of the victims and lured them into investing in his business. “Rao said he lost all the money he took from the victims to online games and cricket betting,” police said. The victims are all his relatives and friends.
