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DIRECTOR OF BIG BULL INFRASTRUCTURE CHEATING OF CRORES ON INDUCEMENT OF INVESTMENT, REMANDED TO POLICE CUSTODY

January 12, 2019 01:36 PM

New Delhi (Face2News)

Delhi Police EOW wing reported to have arrested Yogesh Sharma, Director M/sv Big Bull Infrastructure Limited from Noida upon secret information.

The accused along with other directors Chetan and Satyanarayana Sharma had induced the public to invest in their project “Big Bull Ashiana” situated at Chandwaji,NH-8, Jaipur, Rajasthan and usurped the money obtained from the investors.Presently there are thirteen victims involving amount of several crores.

Varsha Sharma, DCP, EOW, said accused is on police  remand. None of the accused directors had joined investigationtill date and are absconding. The alleged company had neither developed thesaid project nor obtained any approval from concerned authorities. Investigationsare on to unearth the details of the bank accounts and money siphoned off andto trace the whereabouts of the other accused directors. Police had registered a case against the accused on  22.06.18 u/s 409/420/120B IPC. 

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