New Delhi, July 9 -- The Economic Offences Wing (EOW) of the Delhi Police has arrested a man in connection with a case involving an alleged illegal money circulation and pyramid scheme operated under the guise of a non-governmental organisation (NGO).

According to the Delhi Police, the accused, identified as Mohd Nazim, was arrested in connection with an FIR dated August 10, 2023, registered under Sections 406, 420 and 120-B of the IPC and Sections 3 and 4 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

Police alleged that the accused, along with his associates, cheated poor and economically weaker persons of around Rs 11 lakh through schemes floated in the name of an NGO, Khawaja Gareeb Nawaz (KGN).

The present c...