Two Held for Duping Olympic Medallist Vijay Kumar of Rs 2 Crore

The accused were carrying a reward of Rs 10,000 each on their heads

Indore: Two persons, including a stock broker, were today arrested for allegedly duping Olympic silver medallist Vijay Kumar of Rs two crore on the pretext of doubling his money through share market investment.

The accused were carrying a reward of Rs 10,000 each on their heads, said Additional Superintendent of Police (ASP) Amrendra Singh.

Acting on a tip off, police arrested Manmohan Singh Saini and Anil Tanwar from Bhawankuan area, Singh told reporters.

He said Saini was a broker in a stock brokerage firm. It is alleged that he lured Kumar to double his money within few years and received about Rs two crore in instalments from the ace marksman between 2014 and 2016 when he was posted at Mhow.

Saini also signed a fake agreement with Olympic player promising him to pay a dividend at the rate of five per cent every month. But, he did not invest this money in the stock market and instead, transferred it to the bank accounts of his family members and his partner Tanwar and later absconded without returning the money, he added.

All this transpired when Kumar was stationed in Mhow as an army officer and was taking training for shooting at Army Marksman unit. He has retired from the post of Army Captain a few months back, said the official.

The ASP said initial probe revealed that the accused had also duped some other Army officers and further investigations in this connection are underway.

Vijay Kumar had won the silver medal for India in the 25-meter rapid-fire pistol event in 2012 London Olympics.

Meanwhile, Kumar also reached Indore today after getting the information about the arrest of the accused.

Kumar told PTI, “I suspected when Saini started making excuses instead of returning the money. Later, I came to know about the cheating. Then I filed a police complaint and came to know that he had also cheated several other people.”

This is published unedited from the PTI feed.