Four arrested for duping Rs 562 cr

Four arrested for duping Rs 562 cr

Cheat two lakh people, promise to triple their money in 3 days

Four members of a gang, including two senior citizens, have been arrested for allegedly cheating over two lakh people across the country of an estimated Rs 562 crore. The main accused claimed possession of divine powers and collected money on the pretext of tripling it in three days with divine intervention, police said on Tuesday.

The four were arrested by Gujarat Police.  A Gujarat court has remanded them to Delhi Police custody as several cases were registered in the Capital.

Ninety-five cases were registered all over India, and 2,800 victims were cheated of Rs 25 crore in Delhi. Ashok Jadeja, 38, Praveen Popat, 35, Khimji Bhai Jedeja, 58, and Kesha Ram, 59, were held after a case was filed with Delhi Police’s crime branch in June, 2009.

Ashok is the kingpin of the racket, while Praveen, Khimji and Kesha were agents who collected money from victims. “Ashok misrepresented to a particular community that he was blessed with divine power of Sikodar Mata which conferred on him the capacity to triplicate money,” said Praveer Ranjan, Joint Commissioner of Police (Economic Offences Wing).
The time required to triple the money was initially three days and subsequently it was increased to 25 to 30 days. Members of the community across the country were then induced to offer money in the name of Sikodar Mata.

“Ashok also constituted a body of members and agents to collect money for upliftof the community,” Ranjan added. So far, over 2,800 complaints have been received by EOW from victims in Delhi.

Another accused named Basant Lal has already been arrested in the case. After their arrest in Gujarat, they were sent to judicial custody in cases pertaining to Gujarat, Rajasthan, Madhya Pradesh and Maharasthra.

“They have been produced in Delhi on a production warrant and are now in police custody in EOW,” Ranjan said. Efforts are on to trace other accused in Delhi and in other states.

A case of cheating, criminal breach of trust and criminal conspiracy has been filed with EOW police station.

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