Ponzi scamster Zahir Rana arrested again
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- Current News
- Monday, 17 December 2012 00:26
- Published on Monday, 17 December 2012 14:26
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Gujarat Global News Network, Ahmedabad
Ponzi scamster Zahir Rana was once again arrested by the Navrangpura police after a complaint of Rs 17.20 lakh cheating was lodged against him.
The case against Rana was filed by Mushtaq Vali Mohammed Qureshi, a resident of Al Farouq Residency in Juhapura. He has said that lured by promises by Ranarun Dorado Marketing,a firm promoted by Rana, he and his family members had invested Rs 17.20 lakh in December 2010 in a financial scheme where the company had promised a return of 15 per cent per month.Â
In a dramatic turn of events, Rana was at the police station when the complaintant, Qureshi, reached there to file his complaint. Rana had got conditional bail in an earlier cheating case, and was at the Navrangpura police station for his monthly reporting. Hence, cops did not have to go looking for him.Â
Rana, who hit the headlines in 2002 with his Remo Marketing, was arrested by state CID (crime) for his role in multi-crore scam in 2003. He was imprisoned till 2008 after which he set up another firm Dorado Marketing in Navrangpura and wooed investors once again.
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