Missing plaint by wife lands businessman in police net

A missing complaint lodged by his wife proved costly for a businessman as he landed in the police net in connection with a fraud running into several crores of rupees.

The suspect was identified as Mohammad Yasin, 34, a resident of Viveknagar.Yasin, a native of Mangalore, had moved to Bangalore a year ago. He was staying with his wife in a service apartment. He claimed that he ran a business in Dubai and knew many big firms.

 He offered attractive incentives and a high rate of interest on investments in his firm. He collected huge sums of money from several people in and around Viveknagar, promising them higher and early returns, said the police. The investors, however, grew suspicious when, even after a year, Yasin did not fulfil the promises but continued to avoid paying them the returns, they added.

Yasin’s wife Asma lodged a complaint with the Madiwala police on Saturday, claiming that four unidentified men had barged into her apartment and abducted her husband. She said that her husband might have been murdered and also pleaded with the police to trace Yasin and arrest the abductors, the police said.

Swinging into action, the police traced Yasin and brought him and four others to the police station. The police added that during interrogation, the five men said that they had gone to Yasin’s house to discuss a deal.

Further interrogation saw the four acquaintances disclose that Yasin had raised up to Rs 1.24 crore from them towards investment in his business. They added that Yasin had collected over Rs 40 crore by making false promises, said the police. The police transferred the case to Viveknagar police as Yasin was a resident there. The Viveknagar police arrested Yasin and sought directions from their higher officers. On realising the sensitivity of the case, the top police brass transferred it to the CCB for further investigation.

“The case was handed over to the CCB only on Sunday night. It is said that Yasin raised huge loans and cheated several people. We are still probing the matter,” DCP (Crime) Abhishek Goel said.