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SIX MORE DIRECTORS OF GARVIT INNOVATIVE PROMOTERS IN 42 THOUSANDS CRORES CHEAT

November 19, 2020 10:20 PM

INNOCENT VICTIMS WERE CHEATED TO THE TUNE OF APPROX 42 THOUSAND CRORES ON THE INDUCEMENT OF GOOD RETURN IN A PONZY SCHEME-“BIKE BOAT”.· VARIOUS CASES REGISTERED IN NOIDA, UP AS WELL AS IN OTHER STATES. 

  New Delhi (Face2News)

Number of victims have filed complaint against Sanjay Bhati & ors. of M/s GarvitInnovative Promoters Limited having its registered office at Plot No.-1, Chiti,Dadri, Distt. Gautam Budh Nagar, Uttar Pradesh regarding cheating ofapproximately Rs. 42 thousand Crore.

It is alleged that accused persons haveinduced the victims to invest Rs. 62,000/ for a bike and to receive Rs. 9500/monthly including principle and rental income on bike for one year. Due tolucrative offer of alleged, number of victims invested their hard earned moneyin this scheme. In January 2019, alleged company launched Electric-Bike schemeand offered to deposit Rs. 01.24 lacs for a Bike and to receive Rs. 17000/permonth till one year.

Initially alleged had repaid the assured amount but afterwinning confidence of investors, they absconded. This is a pan India scam in which victims arefrom other States also. 

During the course of investigation, it is revealed that approx 8000 complainants are Delhi based and their cheated amount is approx 250 Crore. From the investigation conducted,number of properties worth Rs. several hundred crores have been found and investigation on the same is in progress. It further revealed that Directorateof Enforcement Lucknow Zonal office is also investigating this issue and numberof cases are registered in Noida U.P. and other States.

Mr. O.P. Mishra, IPS , Joint Commissioner of Police, Economic Offences Wing,, said,  on  the basis of complaints filed by victims of Delhi, case FIR No.123/19 wasregistered at PS EOW. During the courseof investigation account details of thealleged company M/s Garvit Innovative Promoters Limited were obtainedfrom M/s IDBI Bank Yamuna Vihar Delhi,ICICI Bank Pallavpuram, Meerut/Khurja Branches and also from NobleCo-operative Bank, Noida. Reply from the RBI was also received, wherefrom itwas revealed that alleged company M/s GIPL was not registered with RBI as aNBFC and was not authorized to collect money from public.

During the course ofinvestigation, it is revealed that approx 8000 complainants are Delhi based and their cheated amount is approx 250 Crore. From the investigation conducted,number of properties worth Rs. several hundred crores have been found andinvestigation on the same is in progress. It further revealed that Directorateof Enforcement Lucknow Zonal office is also investigating this issue and numberof cases are registered in Noida U.P. and other States.

Modus Operandi : Accuse persons used to induce the victims to invest Rs. 62,000/ for a bike and to receive Rs. 9500/ monthly including principle and rental income on bike tillone year. Due to lucrative offer of alleged, number of victims have investedtheir hard money in this scheme. In January 2019, alleged company launched E-Bike (electric Bike) scheme. In this scheme they again offered lucrativeoffer to invest Rs. 01.24 lacks for a Bike and to receive Rs. 17000/ per month till one year. Further accused persons induced more return on more investments.Initially alleged had repaid the assured amount to the investors but afterwinning the confidence, they defaulted and absconded.

Arrest: The accused Directors 1) Vijay Pal s/o Bhanwar Singh r/o JatanPhalawad-Ahmadpur @ Dandoopur, Phalauda, Meerut Uttar Pradesh, 2) Rajesh Singh Yadavs/o Ram Singh Yadav r/o H. No. S-47, Fauji Wali Gali, Rama Mandi near Siv ModelSchool Jalandhar, Punjab, 3) Haresh Kumar s/o Harmesh Singh Rana R/o H. No.141, New Defence Colony, Phase-I, Paragpur, Jhlandhar Punjab, 4) Vinod Kumars/o Pushkar Singh r/o colony Dhikoli, mohalla Kalyan Singh, Mawana, MeerutUttar Pradesh, 5)Vishal Kumar s/o Gajraj Singh r/o H. NO. 903, Ward No. 06,Mohalla Hiralal, Mawana, Meerut Uttar Pradesh, 6) Sanjay Goel s/o Hans KumarGoel r/o H. No. 08, Appu Enclave, Roorkee Road, Pallavpuram, Modipuram MeerutUttar Pradesh arerunning in judicial custody in case FIR No. 340/19 P.S. Dadri Distt. Gautam Budh Nagar U.P. After permission from the Hon’ble Court, allthese accused persons were arrested in case FIR No.123/19 registered by EOW, atDistt. Jail, Gautam Budh Nagar, Luksar, Gautam Budh Nagar, U.P. Further investigation of the case is inprogress.

 
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