Cuttack: Badambadi police on Thursday arrested a man for allegedly duping several unemployed youths of lakhs of rupees by promising them jobs.
The accused was identified as Karan Singh.
According to sources, Singh had opened a fake placement agency named SSB Placement in Khannagar area in the city. He used to publish advertisements in newspapers and lure unemployed youths to apply for various jobs through his firm. He then duped the youths of lakhs of rupees as application fees and made a vanishing act.
One year back, some youths duped by the firm had lodged complaints with Badambadi police. Following the lodging of the complaints, Singh had locked the office and disappeared.
Earlier, the police had arrested one person in connection with the fraud who subsequently managed to get bail.
While Singh has been arrested, two other accused are still at large, the police said.