Hubli, Nov 21: Police here have arrested four members of an inter-state gang of cheaters and recovered Eight mobile sets, two titan watches, two motorcycles and cash in all worth over Rs Eight lakh.
Hubli-Dharwad Police Commissioner Narayan Nadamani said the gang cheated a local business man of Rs.22.5 lakh promising five kilograms of gold in exchange.
The gang members collected the money from the businessman and put it in a bag and managed another similar bag containing paper bundles and kept it with the businessman that they would return with the gold in ten minutes and fled the scene.
When they did not return even after another half an hour, the businessman opened the bag and found that he has been cheated of the money.
A team of policemen formed to nab the gang had succeeded in arresting four members of the gang with the accused Ahok Naidu alias Pappa still elusive.
The gang members hailed from Belgaum, Mangalore and Bagalkot districts and had undertaken similar operations in Maharashtra also, Mr Nadamani said.
All the arrested have been remanded to judicial custody.