NEW DELHI: A Bengaluru-based man has been arrested for allegedly defrauding a Delhi-based businessman of over Rs 10 crore on the promise of profit of Rs 500 crore for facilitating the sale of DRDO-approved radioactive items. .
Delhi Police team arrested the accused Ateeq Ahmed | On the complaint of Sanjay, a paint and hardware trader based in East of Kailash, Delhi Taneja.
A senior police officer said Taneja, in his complaint, alleged that a gang of 22 people, including Ahmed, duped Rs 10.63 crore between March 2016 and September 2018.
The tricksters parted with money to help them maintain their radio-active articles, which had been approved by the Defense Research and Development Organization in their firms before being sold to the UK-based firm M/s. Barclays Metal World, said the officer.
Taneja said that he gave the entire amount to the accused either through bank transfer or check or cash in several instalments, the officials said, during investigation, most of the money was found transferred to M/s Barclays Metal World.
and M/s Barclays Metal World was found to be a sole proprietorship firm of the accused Ahmed and dealing in scrap metal.
Tricking Taneja to transfer money from time to time, the fraudsters kept delaying the sale of the alleged radioactive material on the pretext of their testing and maintenance to various firms like M/s Devyani Groups, M/s. Jaipur GemsAnjaneya Seva Samiti, M/s Barclays Metal World, all run by him, said Additional Commissioner of Police (EOW) RK Singh.
Bhavani, an accused in this case Singh Shekhawat has already been arrested, he said
Police said that further investigation is on to nab the other co-accused.
Delhi Police team arrested the accused Ateeq Ahmed | On the complaint of Sanjay, a paint and hardware trader based in East of Kailash, Delhi Taneja.
A senior police officer said Taneja, in his complaint, alleged that a gang of 22 people, including Ahmed, duped Rs 10.63 crore between March 2016 and September 2018.
The tricksters parted with money to help them maintain their radio-active articles, which had been approved by the Defense Research and Development Organization in their firms before being sold to the UK-based firm M/s. Barclays Metal World, said the officer.
Taneja said that he gave the entire amount to the accused either through bank transfer or check or cash in several instalments, the officials said, during investigation, most of the money was found transferred to M/s Barclays Metal World.
and M/s Barclays Metal World was found to be a sole proprietorship firm of the accused Ahmed and dealing in scrap metal.
Tricking Taneja to transfer money from time to time, the fraudsters kept delaying the sale of the alleged radioactive material on the pretext of their testing and maintenance to various firms like M/s Devyani Groups, M/s. Jaipur GemsAnjaneya Seva Samiti, M/s Barclays Metal World, all run by him, said Additional Commissioner of Police (EOW) RK Singh.
Bhavani, an accused in this case Singh Shekhawat has already been arrested, he said
Police said that further investigation is on to nab the other co-accused.
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