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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 ”Bike Bot” fraud case, officers stated on Saturday.
Accused Ravindra Kumar and Rekha Rani have 71 instances lodged towards them at a police station in Gautam Buddh Nagar’s Greater Noida, the officers stated.
“The couple was arrested from their current home in Ludhiana by a team of Dadri Police Station, Economic Offences Wing and the Meerut unit of the Special Task Force (STF),” a Gautam Buddh Nagar police spokesperson stated.
An FIR has been lodged towards the couple beneath Indian Penal Code sections 420 (fraud), 467, 468, 471 (all associated to forgery), 120B (felony conspiracy), amongst others, the police stated.
The Noida-registered Garvit Innovative Promoters Limited (GIPL) firm had in 2018 come out with the multi-level advertising scheme “Bike Bot” and lured traders with a promise of double returns in a 12 months, the police stated.
They sought Rs 62,100 in funding for a bike taxi and warranted month-to-month returns moreover double the funding quantity in only one 12 months however didn’t ship on the promise.
The agency has duped round 2.25 lakh traders to the tune of Rs 3,500 crore throughout UP, Haryana, Madhya Pradesh, in accordance with a police estimate.
Over a dozen individuals, together with Bike Bot boss Sanjay Bhati, have been arrested to this point, the police stated.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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