pune the vishrantwadi police on sunday arrested a 46yearold sharebroker for allegedly duping around 18 people from the city of rs 225 crore after promising them good returns on their investments in the stock market the suspect noorani s chudamani of tingrenagar used his clients money to purchase two luxury cars and to invest in real estate at bhugaon in mulshi taluka and kharadi said deputy commissioner of police zone iv sanjay jadhav girish reddy ramareddy sheshgiri 31 of rasta peth lodged a complaint in this regard with the vishrantwadi police station on march 14 sheshgiri had invested rs 48 lakh with chudamani the vishrantwadi police had earlier arrested chudamanis assistant irfan sayyad and booked his wife sunanda sunanda had obtained anticipatory bail after sayyads arrest said senior police inspector motichand rathod rathod said that chudamani used to operate as a sharebroker from his office in tingrenagar he had promised his clients good returns on their investments in the stock market initially he had returned money to the investors but later he stopped paying them he said rathod said that when the investors started approaching chudamani he told them that he had suffered huge losses in the stock market but investigations have revealed that chudamnai used their money to purchase properties in bhugaon and kharadi rathod said he said that chudamani sunanda and sayyad hatched a plot to avoid clients who were demanding that he return their money as per the plot chudamani pretended to go missing and sunanda lodged a missing persons complaint with the police on march 10 we later found that the trio was in regular contact with each other rathod said on sunday morning the police got a tipoff that chudamani would be coming to his residence we laid a trap and arrested him rathod said the police suspect that chudamani may have duped around 40 people in total so far 18 people have come forward we have also found that many investors have pledged their gold ornaments and properties to invest in the stock market through him rathod said