January 03, 2021 08:14 PM

  New Delhi (Face2News)

Economic Offences Wing of Delhi Police has arrested absconding accused Bhuvnesh Gupta, aged 59 years and Vivek Gupta S/o Sh Bhuvnesh Gupta, aged 34 years both R/o Subhash Park, Bindapur - Matiala Road, Uttam Nagar Delhi, on 02.01.2021 in case FIR 158/2020 U/s 406/420/120 B IPC PS EOW for inducing and duping investors in the name of lucky draw scheme namely Shree Mohini Enterprises. The alleged persons misrepresented them that it was a govt. approved scheme and showed them fake Govt. agency papers.

Complainant Sh. Prabhat Gupta and other victims alleged that the firm namely M/S Shree Mohini Jewellers situated at shop No. 19, Kalgidhar Gurudwara, Uttam Nagar, New Delhi and its beneficiaries Bhuvnesh Gupta, Vivek Gupta and their other relatives, induced them and other persons in the name of lucky draw scheme namely Shree Mohini Enterprises.

The alleged persons misrepresented them that it was a govt. approved scheme and showed them certain Govt. agency papers. As the alleged persons were running a Jewelers shop in the area, the victims believed them. In the month of June 2017, the alleged persons introduced two schemes. In the first scheme, every member had to deposit Rs. 3000/- per month and in the second scheme, each member had to deposit Rs. 75000/- per month for a period of 20 months.

They also offered costly items like car, AC and fridge etc. as prize money in these schemes. Victims were further induced that if any member of Rs. 3000 per month scheme does not get proposed prizes in the lucky draw, they would get Jewellery worth Rs. 63,000/-. Similarly, in Rs 75,000/- per month scheme, it was promised that those who will fail to get prizes in lucky draw, would get Jewellery worth Rs. 15,75,000/- The alleged persons also prepared and distributed the pamphlets regarding the schemes. They also held 18 draws up to 18.11.2018. But on 29.11.2018, they shut their shops overnight and ran away from the locality after collecting approx Rs. 2.21 Crores from multiple victims.

After initial enquiry, the present case was registered in EOW vide case FIR No 158/2020 dated 09/10/2020 U/s 406/420/120 B IPC PS EOW.

Dr. O.P. Mishra, IPS, Joint Commissioner of Police, Economic Offences Wing, said, during investigation, the membership cards issued by the accused persons bearing relevant entries of monthly payments made by the investors were taken on record. It was found that these membership cards bore the signatures of accused persons. Bank statements of alleged firm have also been obtained which ratified the receipt of payments from the investors. The pamphlets prepared and distributed by the accused in the vicinity have also been seized.

MODUS OPERANDI: during the course of investigation, it was revealed that the accused persons used to issue membership cards to the prospective investors in lieu of investment made in the opted scheme. They also prepared and distributed pamphlets regarding the schemes. Thereafter, they even held draws for more than a year to win the trust of the investors. After they built a healthy corpus, they closed their operations and fled the area overnight. 

The accused persons were evading the process of investigation from initial stage and sincere efforts were made to arrest the accused persons at their given addresses but accused persons were absconding. All Possible hideouts were checked. The Accused persons tried to get relief from various courts, but their applications were dismissed. Finally the accused persons were apprehended on 02/01/2021.

A police team comprising of Inspr Satish Kumar, HC Krishan Kumar & Ct Rajpal Singh was formed under the supervision of ACP Nageen Kaushik ACP/Section V/EOW and overall supervision of Ms Urvija Goel, DCP EOW to nab the accused.

Profile of the accused:  Accused persons namely Bhuwanesh Gupta & Vivek Gupta are the main accused of the crime. Bhuwanesh Gupta is a Post Graduate in Commerce, whereas his son Vivek Gupta has studied till class 12th, who never completed his studies. The accused persons belong to Distt Aligarh, UP and were residing in the area of Uttam Nagar for the last 3 decades. Initially they started trading in clothes, which never succeeded. Thereafter, they tried their hand in Jewellery and opened a Jewellers’ Shop by the name of Shree Mohini Jewellers in Uttam Nagar.

Due to competitive jewellers market and availability of multiple jewellers shop in the vicinity, they were not getting the desired financial returns. Accordingly, the Father-Son duo decided to launch lucky draw scheme by distributing lucrative pamphlets declaring hefty returns in lieu of subscribing to the scheme.

After duping the investors, accused persons fled the area with family overnight. They were frequently changing their residential addresses in different localities of Delhi NCR. Further investigation of the case is in progress.


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