Bharuch cops in city to probe e-scamster's network
Urvish Bhatt, e-scamster and mastermind of a fake online investment company that cheated over 1,500 investors in the state, had
purchased large chunk of property in Vadodara city, officials of Bharuch local crime branch (LCB) said.
Bharuch LCB had caught Bhatt from Dabhoi a month ago and learned of these purchases during his ongoing interrogation. They visited Vadodara to investigate his network. LCB police inspector BS Agrawat, who arrived with his team in the city on Sunday, said Bhatt purchased a bungalow in Marutidham society on Harni Road and also bought a luxurious farmhouse at Kundhela near city.
The scam had come to light after a Bharuch Bank employee, Kirtan Akruwala, registered a complaint two months ago. Over 1,500 investors across the state were found to have been cheated through the website. Unofficially, the fraud figure is placed at Rs 100 crore.
The online firm lured many investors with a promise of an ROI of 30 per cent within a month. Police arrested Hemant Patel, Ravi Maheswari, Harshad Rana, Mahesh Pathari, Mehul Patel and Chandrasinh Parmar, all from Bharuch, and associates of Bhatt, who had appointed 80 agents in Vadodara city and the number exceeded 600 in central Gujarat.
Source:TOI
purchased large chunk of property in Vadodara city, officials of Bharuch local crime branch (LCB) said.
Bharuch LCB had caught Bhatt from Dabhoi a month ago and learned of these purchases during his ongoing interrogation. They visited Vadodara to investigate his network. LCB police inspector BS Agrawat, who arrived with his team in the city on Sunday, said Bhatt purchased a bungalow in Marutidham society on Harni Road and also bought a luxurious farmhouse at Kundhela near city.
The scam had come to light after a Bharuch Bank employee, Kirtan Akruwala, registered a complaint two months ago. Over 1,500 investors across the state were found to have been cheated through the website. Unofficially, the fraud figure is placed at Rs 100 crore.
The online firm lured many investors with a promise of an ROI of 30 per cent within a month. Police arrested Hemant Patel, Ravi Maheswari, Harshad Rana, Mahesh Pathari, Mehul Patel and Chandrasinh Parmar, all from Bharuch, and associates of Bhatt, who had appointed 80 agents in Vadodara city and the number exceeded 600 in central Gujarat.
Source:TOI
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