The Economic Offences Wing (EOW) of Delhi Police has arrested three men for allegedly cheating over 100 people of approximately Rs 7 crore on the pretext of providing higher returns by investing in the business of fisheries, floriculture and plantation of medical trees.
The accused have been identified as Rajesh Kumar Laura (45), Ravi (28) and Gajanand Kaushik (41) and the duo misappropriated around Rs seven crore from 135 victims.
Police said that the accused Laura is the kingpin of the alleged scam. He had mobilised the investors in collusion with his associates, police said, adding a case was registered against them in 2019 at EOW unit for running a ponzy scheme.
According to RK Singh, the Additional Commissioner of Police, EOW, in his complaint, one of the victim reported that on the allurement of the accused, he invested money in the partnership firm on the pretext that invested money will be used for the business of fisheries, floriculture and plantation of medicinal trees.
“The accused promised him of high returns in very short span of time and also told the prospective investors that the end product will be sold in foreign countries, which would fetch them high returns. The complainant invested a sum of Rs 52 lakh in the alleged firm, but it failed to deliver returns as promised and later the accused closed their business overnight and ran away,” said the additional CP.