New Delhi: The Economic Offenses Wing (EOW) of Delhi Police has arrested a man for allegedly defrauding over 600 people in the national capital. Officials gave this information on Tuesday.
A senior police officer said the case was registered in 2021 on complaints from several victims of investment fraud.
He said that the main accused Chander Prakash Saini and others ran several finance companies in the name of Vasundhara Group and Anakaya Nidhi and lured low-income families to open daily investment savings account, fixed deposit account and other attractive investment schemes.
They issued passbooks and other documents similar to those of banks against investments/deposits made by people so as to misrepresent their authenticity and genuineness, the officer said.
Police said the accused also ran elaborate websites offering investment schemes and flaunting their fake companies having diverse interests in real estate, hotels etc.
After collecting funds worth several crores of rupees, he said, they closed their offices and fled.
Deputy Commissioner of Police (DCP), EOW, Anyesh Roy said that during the investigation, co-accused director (wife of Chandra Prakash Saini) Sunita Saini was arrested in 2022.
The DCP said that the police had received input about the whereabouts of Chandra Prakash, declared a fugitive, in Chhatarpur Extension. He said that a raid was conducted and he was arrested.
Roy said that a reward of Rs 25,000 was earlier announced for his arrest.
The DCP said the total number of victims in this fraud scheme is 667 and the amount of fraud involved is more than Rs 4.25 crore.
A senior police officer said the case was registered in 2021 on complaints from several victims of investment fraud.
He said that the main accused Chander Prakash Saini and others ran several finance companies in the name of Vasundhara Group and Anakaya Nidhi and lured low-income families to open daily investment savings account, fixed deposit account and other attractive investment schemes.
They issued passbooks and other documents similar to those of banks against investments/deposits made by people so as to misrepresent their authenticity and genuineness, the officer said.
Police said the accused also ran elaborate websites offering investment schemes and flaunting their fake companies having diverse interests in real estate, hotels etc.
After collecting funds worth several crores of rupees, he said, they closed their offices and fled.
Deputy Commissioner of Police (DCP), EOW, Anyesh Roy said that during the investigation, co-accused director (wife of Chandra Prakash Saini) Sunita Saini was arrested in 2022.
The DCP said that the police had received input about the whereabouts of Chandra Prakash, declared a fugitive, in Chhatarpur Extension. He said that a raid was conducted and he was arrested.
Roy said that a reward of Rs 25,000 was earlier announced for his arrest.
The DCP said the total number of victims in this fraud scheme is 667 and the amount of fraud involved is more than Rs 4.25 crore.
