Con couple's four cars seized, property worth crores unearthed

Four luxury cars owned by the con couple arrested for duping investors of around Rs 500 crore were seized on Thursday from south-west Delhi’s Dwarka area.

A Ford Endeavour, a Honda City, a Swift and a Scorpio were seized from the basement parking of Ashoka Enclave in Dwarka after police came to know about it during interrogation of the couple Ullas Prabhakar Khaire and his wife Raksha Urs.

“We have also identified moveable and immoveable properties worth several crores purchased from the investors’ money apart from the already seized properties worth Rs 63 crore,” said an investigator.

The couple, running Stock Guru India, were arrested on Saturday in Ratnagiri in Maharashtra and later were brought to Delhi.

The court sent them in police custody for 10 days. Police might extend the custody.
“We will leave for Ratnagiri on Friday and thereafter to various places in Maharashtra and Karnataka,” said a police officer.

Police said Raksha Urs, who hails from Mysore, was left alone by her mother when her father died.

She completed schooling and joined Chamarajendra Academy of Visual Arts in 1998.
She discontinued the course and joined a call centre. “There was no support from her family. We are still verifying the details she has provided so far,” said the officer.

The couple had hired around 100 people in their various fictitious firms — SGI Research and Analysis, SGI Buildtech Ltd, SGI Beverages Ltd, SGI Securities Pvt Ltd, G3 Commodities Pvt Ltd and M/s Coppertrenz — to bring the investors.

Hefty commissions

“They used to give hefty commissions to employees for bringing big investors.  The commission used to range from 10 per cent to 15 per cent depending on investments. They used to work from home,” added the officer.

“Wherever they shifted they used to take a big office on rent for few months and employ few people from where they coordinate with the rest of their employees across India.”
Police are also trying to get details of the people hired by the couple to take their statements.

“It is too early to say anything about their accomplices. It seemed that they used to work in a proper corporate manner,” said the officer.

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