The Malwani police have booked three and arrested a software engineer who along with his younger brother and one friend allegedly duped more than Rs 2 crore of 11 investors on the pretext of giving a huge return on their investment amount every month.

The arrested accused has been identified as Kishan Katnhar (34), Niraj Katnhar (31) and Anwar Ansari (28) who is Niraj’s friend.