Varanasi: Becoming a billionaire in a span of 10 years after starting as a travel agent and then switching to the real estate business and opening a company to attract investments from people from backward areas of several states, Vikas Singh, his wife and There are other associates. 38 FIRs of cheating have been registered against them after their arrest on August 30.
Moreover, men in khaki are now exploring options to book them under the Gangster Act. A Special Investigation Team (SIT) probing their cases has indicated that the owners of this company couple He had earned over Rs 10 crore from investors by making lucrative offers in the name of booking a plot for him in Varanasi, though he could neither buy the promised land nor show any interest in returning the money.
This is the first case in which an SIT has been constituted to probe the allegations of fraud deals in the city after the commissioning of the Commissionerate Police.
Commissioner of Police A Satish Ganesh said on Monday, “The company and its owners couple Vikas Singh and Ritu Singh came under the police radar after nearly a dozen cases of fraud were registered against them. He had managed to get back around six cases by refunding the money people had invested for booking their plots as offered by his company Nilgiri Infracity.
“But, when the couple stopped refunding investors money for failing to allot them plots, the number of cases registered against them started accumulating not only in the district but also in neighboring states,” the CP said. Said, “Chetganj police was successful. The couple was arrested on August 6. A manager of the company was also arrested in this connection.”
After his arrest, several white collar persons tried to pressurize the police for his release, but to no avail as he was not only sent behind the bars, but on receiving more complaints, the police registered further FIRs against him. Of. The CP said that till Sunday, 38 cases of fraud have been registered against the couple and their company.
When the police started investigating his case, it was found that Vikas started his career as a travel agent 10 years ago.
“Later, Vikas switched to real estate business and formed Nilgiris Infracity Company. He mainly focused on the people of the backward regions of Jharkhand, Chhattisgarh, Madhya Pradesh and Eastern UP. He attracted investments in the name of booking plots and also offered foreign tours to big investors. He also sent many investors on foreign tours,” said CP.
Police said that however, the company failed to fulfill the promise of allotting land to investors even after a gap of years, following which FIRs were registered against them in other states as well.
The CP said that after his arrest it was learned that the Allahabad unit of the Enforcement Directorate (ED) was also investigating by registering a case against him under sections of the Prevention of Money Laundering Act.
“Looking at the gravity of the matters, I have constituted a SIT under Assistant Commissioner of Police (Chetganj) Nitesh Pratap Singh for a detailed investigation into the matter in consultation with all agencies including Varanasi Development Authority, Regional Transport Office, Income Tax, ED and others. Concerned. The SIT includes SHOs of Chetganj, Sigra and Jaitpura police stations while ADCP Varuna Zone Prabal Pratap Singh was asked to supervise its investigation.
“The initiation of investigation by the SIT revealed that the couple not only had an office in one of the most expensive commercial areas of the city, but Vikas had also bought a building and eight cars in Mahmoorganj area,” the CP said. Had also ensured to get Jaguar car from Shimla.
Stating that the progress in the investigation by the SIT is revealing that Vikas’s assets are disproportionate to his known sources of income, he said that all eight bank accounts of Vikas, his wife and his company, which have come to the fore so far, have been seized. has been frozen. . He said that the process of registering a case against all of them under the Gangster Act has been started.
Moreover, men in khaki are now exploring options to book them under the Gangster Act. A Special Investigation Team (SIT) probing their cases has indicated that the owners of this company couple He had earned over Rs 10 crore from investors by making lucrative offers in the name of booking a plot for him in Varanasi, though he could neither buy the promised land nor show any interest in returning the money.
This is the first case in which an SIT has been constituted to probe the allegations of fraud deals in the city after the commissioning of the Commissionerate Police.
Commissioner of Police A Satish Ganesh said on Monday, “The company and its owners couple Vikas Singh and Ritu Singh came under the police radar after nearly a dozen cases of fraud were registered against them. He had managed to get back around six cases by refunding the money people had invested for booking their plots as offered by his company Nilgiri Infracity.
“But, when the couple stopped refunding investors money for failing to allot them plots, the number of cases registered against them started accumulating not only in the district but also in neighboring states,” the CP said. Said, “Chetganj police was successful. The couple was arrested on August 6. A manager of the company was also arrested in this connection.”
After his arrest, several white collar persons tried to pressurize the police for his release, but to no avail as he was not only sent behind the bars, but on receiving more complaints, the police registered further FIRs against him. Of. The CP said that till Sunday, 38 cases of fraud have been registered against the couple and their company.
When the police started investigating his case, it was found that Vikas started his career as a travel agent 10 years ago.
“Later, Vikas switched to real estate business and formed Nilgiris Infracity Company. He mainly focused on the people of the backward regions of Jharkhand, Chhattisgarh, Madhya Pradesh and Eastern UP. He attracted investments in the name of booking plots and also offered foreign tours to big investors. He also sent many investors on foreign tours,” said CP.
Police said that however, the company failed to fulfill the promise of allotting land to investors even after a gap of years, following which FIRs were registered against them in other states as well.
The CP said that after his arrest it was learned that the Allahabad unit of the Enforcement Directorate (ED) was also investigating by registering a case against him under sections of the Prevention of Money Laundering Act.
“Looking at the gravity of the matters, I have constituted a SIT under Assistant Commissioner of Police (Chetganj) Nitesh Pratap Singh for a detailed investigation into the matter in consultation with all agencies including Varanasi Development Authority, Regional Transport Office, Income Tax, ED and others. Concerned. The SIT includes SHOs of Chetganj, Sigra and Jaitpura police stations while ADCP Varuna Zone Prabal Pratap Singh was asked to supervise its investigation.
“The initiation of investigation by the SIT revealed that the couple not only had an office in one of the most expensive commercial areas of the city, but Vikas had also bought a building and eight cars in Mahmoorganj area,” the CP said. Had also ensured to get Jaguar car from Shimla.
Stating that the progress in the investigation by the SIT is revealing that Vikas’s assets are disproportionate to his known sources of income, he said that all eight bank accounts of Vikas, his wife and his company, which have come to the fore so far, have been seized. has been frozen. . He said that the process of registering a case against all of them under the Gangster Act has been started.
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