KATHMANDU: Two persons have been arrested on charge of swindling millions of rupees on the pretext of leasing reconditioned vehicles, the Metropolitan Crime Division said.

Issuing a presse statement today, the MCD said a sleuth deployed from the division apprehended suspects from assorted locations in Kathmandu Valley on Tuesday.

MCD further said suspects, Dinesh Karki (35) aka Dinesh Sarki of Balaju in KMC-16 was arrested from Nayabazaar area while Shivahari Karki (41) of Sangla in Tarkeshwor Municipality was nabbed from Katunje in Bhaktapur the same day.

The victims resorted to the MCD after the duo, who operated Rambhole Vehicle Suppliers, in Pepsicola, went out of contact after swindling Rs 3,735,000 from them.

Earlier, the duo had contracted three vehicles - i20, Scorpio and Santro cars - on a monthly lease of Rs 105,000 each to their gullible targets, according to MCD.

However, the duo left two vehicles stranded and other disappeared before fleeing.

Police also revealed that the duo used to lure their gullible targets assuring them of paying hefty monthly rent in return of leasing their vehicles and cash.

Likewise, duo collected Rs 1.2 million from a Chitwan woman and Rs 3.5 million from another woman in Tokha, as mentioned in the statement.

In return they issued a cheque of a bank account without adequate balance causing it to bounce. Similarly, they leased a Scorpio vehicle to a man from Chautara, Sindupalchok agreeing Rs 1,00,000 as monthly rent in return.

However, they sold the vehicle for Rs 29,00,000 to Deepak Basnet, reads the statement.

Likewise, they also took another car from a Dhading man last year promising him Rs 75,000 for leasing his vehicle, however, they disappeared after receiving his vehicle.

Meanwhile, the duo were presented before the Kathmandu District Court which remanded them to custody for five days for further investigation.

Police said the suspects would be charged with fraud case.

If convicted they would be sentenced to five years in prison and fined sum equivalent to the swindled amount.