Delhi Police EOW arrests man, busts fraud racket

| | NEW DELHI
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Delhi Police EOW arrests man, busts fraud racket

Friday, 25 September 2020 | Staff Reporter | NEW DELHI

The Economic Offences Wing (EOW) of the Delhi Police has arrested a man involved in several of cheating across the city. Police said with his arrest they have solved seven cases of cheating and fraud registered across the city.

The accused has been identified as Pankaj Dayal, a resident of Sainik Farm in South Delhi.

According to Dr OP Mishra, the Joint Commissioner of Police, EOW, a complaint was received in which the complainant stated that Pankaj Dayal misrepresented his company Blue Cloud Infra private limited that accused company Amenity Promoters private limited was in process of purchasing of 5.06 acre agriculture land in village Jhatikara in Delhi for which the company had already paid Rs three crores to the land owner.

“The complainant further told police that Dayal assured them that he will conclude the purchase of the land and find a suitable third-party buyer. The complainant was induced on hefty profit sharing by further sale of property and obtained Rs three Crore and siphoned off the funds for his personal use,” said the Joint CP.

“A First Information Report (FIR) under section 420/406/120-B of Indian Penal Code (IPC) was registered and investigation taken up. During investigation, the accounts statements were scrutinized where it was revealed that Pankaj is the shareholder and one of the authorized signatory of the bank account of alleged company,” said the Joint CP.

“A sum of Rs 95 Lacs paid by the complainant in the account of alleged company was siphoned off by accused  Pankaj Dayal on the same day and diverted in his personal account for his own use. The money as agreed with the land owner was not paid by the accused. The directors of the accused company were his employees and accused was looking after the affairs of the alleged company,” the Joint CP said.

“The accused was arrested from his newly established office in Greater Kailash and during interrogation it was revealed that he got several companies incorporated and appointed the people who were in search of the employment as directors and operated the companies from behind the screen. He lured innocent buyers to invest in the property and duped them,” the Joint CP said. 

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