In yet another breakthrough, the Bureau of Investigation Economic Offences (BIEO) has arrested two persons in connection with duping several innocent people of money to the tune of several lakhs of rupees in connivance with the Directors of a Company named Quantone Traders Pvt. Ltd. The arrested fraudsters have been identified as Ranjan Aich of Tangla and Ranjit Hazarika of Majuli.

According to BIEO, the victims were lured to the Office of the Company at Bora Service in Guwahati and made to enter into a void agreement of sub distributorship of ATM swipe machines. The victims were assured of huge profits by smart talk and use of leaflets carrying pictures of Prime Minister Narendra Modi and others and made to hand over their money to the Company for the purchase of so-called ATM swipe machines.

Foreach swipe a customer makes, an amount of Rs. 1 to Rs. 5 was supposed to enterinto their bank A/C's. Months elapsed but no money entered into the accountsneither any delivery of ATM swipe machines for marketing.

Thepeople who invested their money started demanding their money back. At thatpoint, the Directors fled closing their office.

It may be mentioned that most of the victims belong to small towns and far-flung areas of Assam.

Thepersons have been arrested in connection with BIEO PS Case no. 15/19 and booked under section 120(b)/420/406of IPC.