Kolar, Aug. 15 -- Police have arrested four people in Kolar for allegedly looting thousands with the promise of work-from-home income and quick returns on investments. The accused have collected over Rs 50 crore from victims through a network operated under the name Sri Kalikadevi Enterprises, said police.

The arrested have been identified as Bhoomi Kiran Shetty, 28, from Bengaluru; wife Aarthi, 23; Ramya of Ballahalli in Kolar; and Venkatachalapathi alias Swamy, manager of the enterprise's Budikote branch.

According to the police, Kiran Shetty and Aarthi established the enterprise and approached members of the public with offers of home-based packing work. People were promised an opportunity to earn several thousand rupees by packing p...