Bank drafts and fixed deposits worth over Rs.20 crore, 60-odd watches worth Rs.50 lakh and several incriminating material were seized during raids at several places, including the Ratnagiri (Maharashtra) house and office of Ulhas Prabhakar Khaire (33) and Raksha J. Urs (30).
The couple is accused of duping over two lakh people and siphoning off Rs.500 crore by promising lucrative returns on investments. They were arrested earlier this month.
Carrying out investigation into the multi-crore scam, the Economic Offences Wing of Delhi Police has found that the couple was involved in several cases of cheating, forgery and fraud in Uttarakhand, Himachal Pradesh, Rajasthan, Madhya Pradesh, Sikkim and Maharashtra. Subsequently, raids were conducted in Mumbai and Ratnagiri.
In Ratnagiri, the accused had set up a posh office in Shivrekar Plaza and floated four firms without registration. The accused had also set up firms for share trading, acting training, print services and real estate business and had placed advertisements in local newspapers.
The police have seized bank drafts worth Rs.19.96 crore, eight fixed deposits with a total value of Rs.6.5 lakh, gold jewellery worth Rs.15 lakh, 60-odd watches valued at Rs.50 lakh, seven cars, two motorcycles, identity card printing machine, 18 Permanent Account Number cards, 131 cheque books, 48 mobile phones, 30 mobile SIM cards, a set of telephone jammer, fake registration plates and a red beacon.
The accused had rented a flat in Mumbai. The police have seized the rent agreement and the Rs.1.5 lakh security deposit from the landlord. The duo were planning to produce a Marathi film and had short-listed a script and a director for the same, the police said.
