UP Law enforcement officials Arrest 2 From Punjab In Rs 3,500 Crore “Motorbike Bot” Rip-off
Over a dozen folks, together with Motorbike Bot boss Sanjay Bhati, were arrested thus far(Representational)
Noida (UP):
A crew of Uttar Pradesh police has arrested a pair from their house in Punjab for his or her alleged involvement within the Rs 3,500 crore ”Motorbike Bot” fraud case, officers mentioned on Saturday.
Accused Ravindra Kumar and Rekha Rani have 71 instances lodged towards them at a police station in Gautam Buddh Nagar’s Larger Noida, the officers mentioned.
“The couple was once arrested from their present house in Ludhiana by way of a crew of Dadri Police Station, Financial Offences Wing and the Meerut unit of the Particular Job Drive (STF),” a Gautam Buddh Nagar police spokesperson mentioned.
An FIR has been lodged towards the couple below Indian Penal Code sections 420 (fraud), 467, 468, 471 (all associated with forgery), 120B (felony conspiracy), amongst others, the police mentioned.
The Noida-registered Garvit Cutting edge Promoters Restricted (GIPL) corporate had in 2018 pop out with the multi-level advertising and marketing scheme “Motorbike Bot” and lured buyers with a promise of double returns in a 12 months, the police mentioned.
They sought Rs 62,100 in funding for a motorbike taxi and confident per thirty days returns but even so double the funding quantity in only one 12 months however didn’t ship at the promise.
The company has duped round 2.25 lakh buyers to the track of Rs 3,500 crore throughout UP, Haryana, Madhya Pradesh, in line with a police estimate.
Over a dozen folks, together with Motorbike Bot boss Sanjay Bhati, were arrested thus far, the police mentioned.
(This tale has now not been edited by way of TTN NEWS workforce and is auto-generated from a syndicated feed.)
