Man evading police dragnet arrested at Chennai airport

Chennai, July 15 (UNI) A 26-year-old man, who had been evading the police dragnet for swindling Rs 350 crore by selling fake magnetic beds through multilevel marketing, has finally landed behind the bars.

Police said the man, Raj Vasanth Pandit, was arrested at the Chennai airport when he arrived by an Emirates flight this morning.

He had escaped to Dubai reportedly five years back after police launched a manhunt following complaints from several people.

In 2002, he had sold fake magnetic beds and pillows in Tamil Nadu, Hyderabad and Mumbai and had amassed wealth to the tune of Rs 350 crore, by promising that the beds would cure people of all ailments.

Those who had purchased these beds at exhorbitant prices were shocked when they found that they were fake.

Cheating cases were filed against Raj Vasanth Pandit at several police stations in Tamil Nadu, Mumbai and Hyderabad. At Nalgonda in Andhra Pradesh, several cases were registered against him when he fled to Dubai.

After almost five years, Pandit reached Chennai this morning when he was arrested. The Andhra police was informed immediately of his arrest.

Senior police officials from Andhra Pradesh, including Nalgonda CID inspector Ravendra Reddy, inspector Jayakumar and sub-inspector Mohanraja rushed to Chennai airport.

He was handed over to the Andhra police.

Later, he was taken to Nalgonda, where several cheating cases were pending against him.

UNI