November 12, 2020 08:14 PM

New Delhi (Face2News)

Economic Offences Wing, Delhi Police arrested Rahul Narang R/o, Greater Kailash-II, New Delhi. (Age-46 yrs) in FIR No. 277/19 of PSEOW and remanded to police custody for one day.

Complaint of Sunil Verma was received in EOW, wherein he alleged that Rahul Narang and his wife Shefali Narang are running a gym in the name of Olympia Gymnasium situated on the Ground and Basement Floor situated at S-569, GK-II, New Delhi and the complainant is the permanent member of this GYM since 2013.

Dr. O.P. Mishra, IPS, Joinr Commissioner of Police, EOW said, alleged persons in December 2015 approached him to invest Rs.3 Crore in their business and they assured him to introduce him asequal share partner in their business. Complainant till march 2018 paid Rs.3 Crore to the alleged persons but the alleged persons refused to execute the partnership deed and promised to return the amount with profit till 31.03.18. Alleged persons issued PDCs to the complainant but the same were dishonored onpresentation due to insufficient funds. 

File photo of narang family
  On enquiry allegations of the complainant were substantiated, accordingly a case U/s 406/420/120B IPC was registered andinvestigation was taken up.

TEAM :A team was constituted under theoverallsupervision of Shri Mohammad Ali, DCP/EOW consisting of ACP ShriVirender Singh Sejwan, SI Pawan Kumar, ASI Brahm Prakash, ASI Raghuveer and HCAditya to apprehend the accused.

INVESTIGATION:During investigation, itwas emerged that Rahul Narang induced the complainant to invest in his businessof GYM and assured him to introduce as 50% partner in the business but in fact,he himself was only 50% partner of the business. Further he assured thecomplainant that he will get execute SPA executed in his favour for sale ofproperty no. 1st and 2nd floor of S-569, G.K-II, whileprior to this her wife had already entered into agreement to sell with anotherperson and the cheques issued for repayment of the amount were also dishonoredon presentation.

MODUSOPERANDI:Accusedallured the complainant to invest him in his business of Gymnasium and assuredto introduce him as a partner in the business but after taking the amount ofRs.3 Crore, denied to execute the partnership deed and the cheques issued for repayment of theamount were also dishonored on presentation.

Accused Rahul Narang ihas done his B.Com from Bhagat Singh College and then started his own business. He runs a Gymnasium in the name of ‘Olympia Fitness’in posh area of South Delhi. To maintain his lavish lifestyle, he borrowed money from several persons on false promises and assurances. He is also involved in following casesFIR No. 289/18 dated15.11.2018 u/s 420 IPC PS Crime Branch, New Delhi.  FIR No. 149/19 dated08.08.2019 u/s 406/420/120B IPC PS EOW, New Delhi. Further investigation of the case is in progress.

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