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DELHI POLICE ARRESTED FRAUDSTER DUPING ARMY PERSONNELS THROUGH NGO

March 31, 2021 06:22 PM

  New Delhi (Face2News)

Case FIR No.25/18 dated 07.02.2018, u/s 406/420/120-B IPC, PS EOW, New Delhi was registered on the complaint of Hav. Chandan Kumar. It was alleged that he, along with other 16 victims had been cheated by Sainik Welfare Organisation (SWO) India Ltd., Dwarka, New Delhi for around Rs. 88 lakhs.

Sh. Chandan Kumar, the complainant told that the accused Saroj Rana showed them rosy picture about the Bokaro Project and assured that the company was an NGO for the benefit of army personnel and it was not working to earn any profits. The accused persons asked the investors to deposit money in the account of SWO India Ltd.

Alleged company/NGO, through its officials/directors assured that they would provide residential plots to the investors at Bokaro, Jharkhand and on their assurance, the gullible victims invested money for residential plots. Alleged company provided allocation letter-cum-agreement on receipt of total amount, but, the company neither provided the plots, nor did they return their money. It was found out later that the alleged company didn't have land and requisite sanction/approval from the concerned authority.

Mr.Raj Kumar Singh, IPS, Addl. Commissioner of Police, Economic Offences Wing,, said, during custodial interrogation, accused Rakesh Rana had disclosed that the Bokaro Project was launched after assurance by Rajesh Bhagat. He had been paid approx. Rs. 99.00 lakhs in the Account of his firm ‘Raj Associates’ after execution of Agreement-cum-Memorandum of Understanding (MOU). After execution of this MOU, collection process of money against the said project was initiated.

  A team under the supervision of DCP Mohammad Ali, was constituted of ACP, Virender Singh Sajwan along with IO/Insp. Ganpati Maharaj, ASI Braham Prakash, ASI Shedu and Ct Anuj to arrest the accused persons and unearth the entire conspiracy/network of fraudsters. 

Real Estate business in Jharkhand. 

During investigation, it surfaced that Rakesh Rana induced and gave false representation to the army personnel that the whole project was of 20 acre land and the land had been purchased with necessary approvals from competent authorities. Alleged company even provided allocation letter cum agreement on receipt of total amount, but, the company neither provided the plots, nor did return their money.

Further, the alleged company did not even had any land nor requisite sanction/approval from concerned authorities. During investigation, accused Rakesh Rana- Chairman- cum- Managing Director of accused company has now been arrested, whereas, Lt. Colonel (Retd.) Rakesh Rana had been arrested earlier.

Mr.Raj Kumar Singh, IPS, Addl. Commissioner of Police, Economic Offences Wing,, said, during custodial interrogation, accused Rakesh Rana had disclosed that the Bokaro Project was launched after assurance by Rajesh Bhagat. He had been paid approx. Rs. 99.00 lakhs in the Account of his firm ‘Raj Associates’ after execution of Agreement-cum-Memorandum of Understanding (MOU). After execution of this MOU, collection process of money against the said project was initiated.

Further, he was well aware that the money crediting in his firm’s account is being collected from Armed Forces personnel as Booking/Consideration Amount, against the plots, which had to be purchased and developed by Rajesh Bhagat. But, accused Rajesh Bhagat did not purchase the required land and did not get required approval. During investigation and analysis of account statement of ‘Raj Associate’, firm of accused Rajesh Bhagat, it was revealed that approx Rs. 99 lakhs were credited in this account from the account of SWO India Ltd. He is the beneficiary of cheated amount.

Modus Operandi: Accused company, by showing rosy picture about various Plot Project in different states, including the Veer Aawas Bokaro Project assured army personnel that they are running an NGO in the name of SWO-INDIA for the benefit of Army personnel, claiming that it is not earning any benefits from the projects. The accused company directed the investors to deposit money in SWO India Ltd (a company of identical name of NGO). Alleged company/NGO, through its official/director promised that they would provide residential plots to the army personnel at Bokaro, Jharkhand on ‘no profit no loss’ basis. But the accused persons, conspiring among themselves, without having required land and approval made a false map of the site with plot numbers and thus by showing this map, misrepresented the facts and started collecting investment from the army personnel. 

Accused Rajesh Bhagat willfully concealed his whereabouts and was not willing to join the investigation. Hence, NBW had been obtained against him. Further, by using technical surveillance and gathering intelligence about his present whereabouts, on 24.03.2021, accused Rajesh Bhagat was arrested from Ranchi, Jharkhand in the present case. He was taken on transit remand to Delhi. Further investigation is in progress.

 
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