<h1>Unregulated deposit scheme fraud: accused arrested after soliciting investor funds with false doubling promises, probe ongoing.</h1> An investigation and arrest were made in relation to an alleged unregulated deposit scheme that solicited investor funds with promises of doubling returns; the accused is said to have used multiple companies to collect deposits, represented reinvestment in real estate and technology ventures, and received funds from investors across several districts. Proceedings have been initiated under penal provisions and the Banning of Unregulated Deposit Schemes Act, and authorities report seizure of electronic devices, bank documents and travel papers while investigating the flow of deposits and the corporate structures used.