Three held for cheating, launching fake companies

October 21st, 2011 - 11:51 pm ICT by IANS  

Ghaziabad, Oct 21 (IANS) They launched several fake companies, luring people to invest a nominal amount in return for hefty gains and in the process duped them of at least Rs.50 crore. But on Friday, the trio ran out of luck and was nabbed by the police in Ghaziabad.

Manish Rajput, Vipin Singh and Arjun Ranveer Singh were arrested at Chaudhary Morh. Three of their accomplices — Narendra Pal, Deepak Kumar Rajput and Shaktinath — are absconding.

According to Senior Superintendent of Police Raghubir Lal, the accused created several fake companies and then launched their websites. The gang diversified in their operations from tour and travels to finance.

“The gang, after creating websites, lured people with hefty returns. They asked them to submit Rs.1,000 online and in return promised to pay Rs.4,000 each month for a year but only after a 45 days period.

“When the number of people submitting Rs.1,000 rose considerably and they earned enough money, they shut down their website,” Lal said.

The police recovered several cheque books, pass books, ATM cards, passport and visa from their possession.

“In travel business also, they asked people to deposit some money and promised them attractive packages. After amassing hefty sum, they shut their travel firms as well,” he said.

The accused ran several fake companies in the name of Sky Healers Pvt. Ltd, Hijackers, Maple Resources, Dream World International, Almandin, Sapphire and Galaxy Enterprises.

The gang operated in Delhi, Mumbai, Bangalore, Jaipur, Chennai and Noida in Uttar Pradesh. They had plush offices in major cities which they got inaugurated by film stars and models in order to ensure credibility for their businesses.

The gang members had more than 150 bank accounts, police said. They also had five girls as their employees who are absconding.

On the complaint of Chennai-based actor-producer Babu Christopher, who had been cheated of Rs.1.77 crore, a case was registered at Kotwali police station here.

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