bengaluru three people have been arrested by tilaknagar police on charges of running a ponzi scheme through which they had collected around rs 77 crore from more than 2000 customers in the past four years the arrested are manjunath 31 from vishveshwaraiah layout in devarachikkanahalli and habibulla shareef 37 and masiullah shareef 32 from doddakammanahalli police said the accused ran a firm called tiforp trading services pvt ltd in jayanagar 9th block since 2015 and promised a monthly return of around 10 per cent on investments they held events in and around jayanagar and promoted their scheme on facebook and other social media platforms to attract customers for a few months investors got the promised interest but it stopped subsequently trouble began in november 2018 after the firm stopped giving interest to investors though people made several rounds to the company the owners failed to keep their word and instead requested customers not to approach police in may 2019 after the i monetary advisory ima scam made headlines the trio closed the firm and fled the investors later formed a group and started negotiating with the firm owners when that didnt yield any result they began to file police complaints january 14 onwards police said the accused led a lavish life which included foreign trips a bmw car hyundai tucson toyota innova and two bikes were seized from the trio who have immovable properties worth over rs three croresources said the accused collected money claiming they were in real estate and foreign currency exchange businesses efforts are on to trace some others involved in the scam who fled with the money