Ludhiana, April 29 -- In a case involving an alleged Rs.15-crore investment fraud, the Sadar police have arrested an online entrepreneur from Jammu and Kashmir for allegedly duping his former teacher and her husband through a carefully executed investment scam.

The accused, Moris Adam Shahmiri, was arrested and produced before a local court on Tuesday, which remanded him to three days of police custody for further interrogation.

The case was registered on January 30 under Section 318(4) of the BNS and Section 66 of the Information Technology Act on a complaint filed by Seeta Rani, a resident of Pakhowal Road. Police said the accused approached her and her husband in August 2024, posing as a successful businessman and offering assured hi...