The Times of India

EOW arrests director in Rs 100-crore real estate ponzi scam in UP; 5 associates still at large

Uttar Pradesh Police's Economic Offences Wing arrested Mahipal Singh, a director of Karmabhoomi Real Estate Company Limited, in connection with a 100 crore fraud. The company allegedly duped hundreds of investors by promising high returns and plot allotments but failed to deliver. Five other directors remain absconding.