Delhi Police have recovered property and valuables worth around Rs 20 crore after fresh raids were conducted in the Rs 500-crore Stock Guru scam at mastermind Ulhas Prabhakar Khaire’s instance in Maharashtra’s Ratnagiri district and Mumbai.
Ulhas and his wife Raksha Urs, held from Ratnagiri earlier this month, are accused of duping an estimated two lakh investors through their firm, Stock Guru India, which promised lucrative returns.
“We unearthed bank drafts worth Rs 19.96 crore, an industrial plot of 750 square yards in Ratnagiri, 60 wrist watches worth Rs 50 lakh, gold jewellery worth Rs 15 lakh, eight fixed deposits totalling Rs 6.5 lakh, seven cars, 48 mobile phones, a currency counting machine, an identity card printing machine and 131 cheque books of various banks,” said Sandeep Goel, joint commissioner of police (economic offences wing).
Published 27 November 2012, 15:33 IST