The Economic Offences Wing (EOW) of Delhi Police has arrested a man for allegedly cheating and misappropriating crores of rupees of public on the pretext of helping them earn huge profit in share market, officials said on Monday.
The accused, identified as Amit Anandilal Tahnvi (42), a resident of Jodhpur in Rajasthan, used to work as an operator in share market in Jodhpur and got involved in fraudulent practice, they said.
Special Commissioner of Police (Crime) Ravindra Singh Yadav said it was alleged by a complainant that his family members and relatives were introduced to Thanvi and his accomplices by a priest at Khatushyam Ji Temple in Rajasthan.
The accused and his accomplices were involved in the business of share market.
"They assured the victims that if they invest their money in the share market through them in various reputed companies, they would get huge returns. On their assurances, the complainant and his family members invested a total sum of Rs 3.32 crores approximately," the senior police officer said.
One of the accused Manish communicated to the victims through e-mails that he has purchased shares in various companies against their invested money. On enquiry, the complainant came to know that no amount has been invested in any company, he said.
The entire money was misappropriated through various bank accounts of their family members, relatives and others, he added.
After a preliminary enquiry, a case of cheating was registered with the EOW unit in 2021, police said.
"During investigation, it was revealed that the accused persons had collected money from victims through banking channels as well as cash payments, which was diverted into the bank accounts of their family members and relatives thereby misappropriating the invested money," Yadav said.
Accused Thanvi did not join the investigation despite receipt of repeated notices and non-bailable warrant being issued against him. He was arrested on October 4 from Mumbai with the help of technical surveillance, he added.
