• ACCUSED AND HIS ASSOCIATES USED TO LAUNCH BOGUS INVESTMENT SCHEMES TO CHEAT THE INVESTORS IN THE NAME OF INVESTMENT IN DAIRY PROJECT THROUGH THEIR COMPANY M/S PRATISTHA BAZAR PVT. LTD. • AS PER RBI, ALLEGED COMPANY WAS NOT REGISTERED WITH RBI AS NBFC.• 44 INNOCENT VICTIMS WERE CHEATED TO THE TUNE OF MORE THAN RS. 1.5 CRORES. • MORE INVESTOR MAY ALSO COME FORWARD.
Face2News/New Delhi
Economic Offences Wing, Delhi Police has arrested two accused Rajeev Kumar Sharma, R/o TDI City, Ram Ganga Vihar, Moradabad, UP Aged 50 Yrs & Kundan Sharma R/o Nand Colony, Muradabad, UP in case FIR NO. 194/2020 dated 13.10.20 U/S 420/406/120B IPC, Section 4, 5 & 6 of The Prize chits and Money Circulation Schemes (Banning) Act 1978 & Section 58 (B) (4A) of Reserve Bank of India Act, 1934PS EOW
The present case was registered on the Complaint of 14 complainants reported in EOW with the allegation that the alleged company i.e. M/s. Pratishtha Bazar Ltd., having its office at 514 & 515, Laxmideep Building, Laxmi Nagar District Centre, near Nirman Vihar Metro Station, Laxmi Nagar, Delhi, had launched a Ponzi scheme for the investment of Rs. 7500/- for one ID, and every investor was allured to add or invest in 21 IDs, i.e., Rs. 7500×21 = Rs. 1,57,000/-.
Mr. Jitendra Kumar Meena, IPS, Addl. Commissioner of Police, EOW, said, after the registration of the case, the investigation was taken up. It revealed that the directors of the alleged company created the alleged company with the…
