Mohali, Aug. 1 -- Zirakpur police booked a businessman and his family members for allegedly cheating five investors of Rs.6 crore and later attempting to cover up the fraud by getting a missing person report lodged in Haryana after the main accused disappeared. Police said the accused lured investors with promises of up to 24% annual returns before allegedly absconding with the money.

The FIR names Bharat Bhushan alias Bharat Phutela, his father Prem Kumar, brother Sanjeev Kumar and others linked to KC Consultancy, Ricotta Agro Industries, Virk Enterprises, Rox Capitals and Pratap Sales Corporation. Police registered the case under Sections 406 and 420 of the Indian Penal Code (IPC) following an inquiry conducted by senior officials.

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