Stock Guru fraudsters booked for fake passports
NEW DELHI: Dec 10, 2012 DH News Service 1:25 IST
While probing Rs 500 crore Stock Guru scam carried out by Ulhas Prabhakar Khaire and his wife Raksha Urs, the investigators have registered a new case against the duo for obtaining passports through fraudulent means and misrepresentation of facts.
The Economic Offences Wing (EOW) has also traced Khaire’s another property in Noida on Saturday.
Thirty-three-year-old Khaire and his wife Raksha Urs, who were held from Ratnagiri in Maharashtra on November 12 for duping an estimated two lakh investors through their firm, Stock Guru India, had procured four fake passports under false names with the help of two Delhi-based agents.
While Khaire got a passport issued in the name of Lokeshwar Dev, son of Beer Singh Dev and a resident of D-209 of IRCON Apartments at Sector-18A in Dwarka, Raksha obtained a passport in the name of Priyanka Saraswat with same address.
“He also got passports issued in the names of his two daughters — Gungun and Gunjan — for the national capital,” said a senior police officer.
They got the passports issued from Delhi with the help of Sumit Sachar and Ashish Sharma, co-partners at Global Destination Management, a group travel company based in Rohini.
The passports were issued in 2010 when Khaire was working out of Moti Nagar office in west Delhi.
During investigation, police found that Khaire had approached Sumit Sachar and Ashish Sharma for passport and provided forged documents.
“We have registered a new case and are now looking for both the accused — Sachar and Sharma – for their role in issuance of the passport. Right now, they are still absconding,” said the officer.
Meanwhile, police have also discovered that Khaire had bought a luxury apartment in Noida from a renowned developer. “We have got all the details and are now verifying it,” said the officer.
Earlier this month, the investigators recovered properties and valuables worth about Rs 25 crore during raids conducted at Maharashtra’s Ratnagiri district and Mumbai on insistence of Khaire.
They were arrested for duping people from Delhi, Uttarakhand, Himachal Pradesh, Sikkim, Rajasthan, Madhya Pradesh and Maharashtra. Delhi Police have received 14,303 complaints till date, but during investigation, about 2,05,062 investors came forward claiming to have invested Rs 10,000 or more in their firm.
The duo was evading arrest by hiding in Moradabad, Dehradun, Alwar, Nagpur and Goa.
In Ratnagiri, the couple was living under false names of Sidhharth Jay Marathe and Maya Marathe, along with their children when they were arrested. Presently, both husband and wife are in Tihar Jail.