• ACCUSED PERSON ALONG WITH HIS ASSOCIATES HAD CONDUCTED SEMINARS ACROSS INDIA AND INDUCED VICTIMS ON THE PRETEXT Of GIVING 20 % INTEREST ON THEIR INVESTMENT. • VICTIMS WERE INDUCED THAT THEIR AMOUNT WILL BE INVESTED IN RUSSIAN OIL BASED COMPANY. • ACCUSED PERSONS HAD CHEATED MORE THAN 1000 PERSONS WITH SAME MODUS OPERANDI.
(MOREPIC1) New Delhi (Face2News)
Economic Offences Wing of Delhi Police has arrested accused Ashish Malik in Case FIR No. 350/19, P.S. Crime Branch, New Delhi for inducing and cheating the complainant and other victims in connivance with other co-accused persons.
The present case was registered in pursuance of the order dated 05.12.2019 passed by Hon’ble Court of CMM/West on the petition of Sh. Anand Laxman Pardeshi filed U/s 156(3) CrPC. Complainant/petitioner submitted that he read an advertisement in the newspaper that a big petroleum company of Russia was holding a seminar on 16th May 2016 at hotel Radisson, Pashim vihar. Complainant attended the seminar at that hotel in Paschim Vihar, Delhi where the alleged persons namely Sandeep Kaushik, Ashish Malik and Sunil Singh Chauhan introduced themselves as Directors of ROSENEFT HEDGE FUND, RHF gold coin, EURESCOIN, JACKPOTMAINA Company.
They told the people present there that this company was a part of Russian oil based company and investors would get the return of 20% every month. Accordingly, complainant invested a total sum of Rs 89,18,226/-. The accused persons gave returns for 2 months and later on they stopped making payments on false pretexts. When the Complainant asked for his investment the accused persons stopped picking up the calls. The accused persons have cheated innocent victims across India by way of similar modus operandi.\
In this matter a Case vide FIR No.350/19 dated 09.12.2019 U/s 406/409/420/468/471/120-B IPC & 3,4,5, Prize chits & Money Circulation Scheme (Banning) Act, 1978., was registered at P.S. Crime Branch, New Delhi and later on the investigation of the case has been transferred to EOW.
The investigation has revealed that present arrestee along with other co-accused persons had induced the public at large and collected mmoney from them on the pretext of giving 20 % interest per month..
(SUBHEAD)(MOREPIC2)Bank Account statements of accused company corroborate the version of complainant and documents provided by them. Bank Accounts maintained by the accused persons have been got debit freezed. Co-accused persons namely Sandeep Kaushik & Sunil Singh Chauhan are running out of India. Their LOCs have been opened.
MODUS OPERANDI:
Ms. Chhaya Sharma , IPS., JCP, EOW, said, accused persons induced gullible victims on the pretext of giving 20 % per month. They used to conduct seminars in various 5 star Hotels across India. Victims were induced that their investment will be further invested in Crypto Coins in the name of biggest Oil Company of Russia namely Roseneft. A crypto exchange/website was also created by the accused persons. Victims were given unique ID and their profiles were created. After collecting crores of rupees from more than 1000 victims, they withdraw the entire amount (in Bitcoin) from the exchange and ran away out of India leaving behind the victims in traumatic financial conditions.
A team consisting of SI Lakhan, SI Amit Pratap, HC Sanjeev & HC Pardeep was constituted under the supervision of ACP Anil Samota and overall guidance of Sh. M.I Haider, DCP-III/EOW to apprehend the accused person. On the basis of meticulous investigation and development of information using technical measures, the present accused person was arrested. He has been taken on Police Custody remand and further investigation of the case is in progress.
KNOW THE ACCUDED: Ashish Malik S/o Sh. S.N. Malik R/o H.No. 7, Village Kakrola, Near Sharda ITI, Delhi-78, Age-36. He completed his B.E (Bachelors of Engineering in electronics & communication) from Hindu College of Engineering, Sonipat, Haryana. After that he completed his MBA from Mahrishi Dayanand University (MDU), Rohtak. Accused was tasked with explaining the technical aspects and answering all the queries raised by the participants in the seminars. He along with co-accused persons presented himself as the Director of the company.
WORD OF CAUTION FOR GENERAL PUBLIC
The general public is hereby cautioned not to get trapped in such kind of schemes. They must invest their hard earned money prudently. There is no shortcut to success and only hard work pays ultimately. In case of any complaint or any such fraud, communication may be made online on the following platforms. Twitter handle of EOW:- @EOWDelhi , Website of Delhi Police:- http://www.delhipolice.nic.in