Press Esc to close
Monday 25 September 2017
News updated at 2:36 AM IST

3 held in Rs 50 cr investment scam

New Delhi, Dec 7, 2012, DHNS : 2:04 IST
Three men, including two brothers, have been arrested for running a Rs 50 crore investment scam in Delhi and Mumbai on the pretext of providing call centre franchise, police said on Friday.

Mastermind Sandeep Shukla along with his brother Manoj and friend Surendra Batho had floated a company in 2010 and lured investors over highly lucrative returns. They had earlier floated companies in Mumbai and cheated hundreds of investors.

“Sandeep has disclosed that he shifted business base to Delhi over fear of apprehension in Mumbai. He used to organise events and birthday parties in which he called up Bollywood celebrities,” said P Karunakaran, deputy commissioner of police (north-west).

It has also come to light that three cases were registered against them for cheating people of Rs 40 crore with Mumbai Police’s Economic Offence Wing police station.

Delhi Police took up an action after a complainant by Sumitra Kumari with Subhash Place police station. She claimed that a man named Veer Singh Thakur induced her to invest Rs 20 lakh in two of his companies.

It was promised that call centers will be set up at the locations suggested by Sumitra and infrastructure will be provided by the companies.

“It is further alleged that the complainant had taken space for setting up call centers as per terms and conditions mentioned in the agreement, but the alleged company did not set up the call centers,” Karunakaran added.

An initial probe revealed that about 155 people were cheated of over Rs 10 crores using same modus operandi. Accordingly, raids were conducted and the accused were held on the basis of secret information.

“We recovered Rs 2 lakh in cash and jewellery worth Rs 40 lakh from their possession,” Karunakaran said.

Police recovered another Rs 1.19 in cash, jewellery, two laptops, and seven cars worth Rs 1.70 crore at their instance. Sandeep, Manoj and Surendra are in police custody and further investigation is in progress.

Go to Top

Photo Gallery
An artist decorate the idol Goddess Durga with a saree made of pure gold at a...

An artist decorate the idol Goddess Durga with a saree made of pure gold at a...

Artist perform ballet Swan Lake is the most beloved, classic and quintessential ballet...

Artist perform ballet Swan Lake is the most beloved, classic and quintessential ballet...

Children dressed as Lord Hanuman take part in a procession during Langur Mela at the...

Children dressed as Lord Hanuman take part in a procession during Langur Mela at the...

Bollywood actress Vaani Kapoor walks the ramp as showstopper at the...

Bollywood actress Vaani Kapoor walks the ramp as showstopper at the...

Bollywood actress Richa Chadda and Kalki Koechlin during the shooting of a song for their...

Bollywood actress Richa Chadda and Kalki Koechlin during the shooting of a song for their...

Women dance on the occasion of Lalita Panchami during Navratri celebrations at a pandal, in...

Women dance on the occasion of Lalita Panchami during Navratri celebrations at a pandal, in...

A pandal, themed on the Jagannath Temple of Odisha, in Ranchi on Sunday ahead of the...

A pandal, themed on the Jagannath Temple of Odisha, in Ranchi on Sunday ahead of the...

Union Minister for Defence, Nirmala Sitharaman and the Chief of Army Staff, General Bipin Rawat...

Union Minister for Defence, Nirmala Sitharaman and the Chief of Army Staff, General Bipin Rawat...

Tollywood actor Mahesh Babu with actress Rakul Preet Singh and director A.R. Murugadoss during a...

Tollywood actor Mahesh Babu with actress Rakul Preet Singh and director A.R. Murugadoss during a...

Armed forces during a multi agency exercise 'Pralay Sahayam' conducted at...

Armed forces during a multi agency exercise 'Pralay Sahayam' conducted at...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.