NEW DELHI: A man who allegedly cheated people by offering them good returns against investments in his company has been arrested by the Economic Offences Wing of the Delhi police. The police suspect involvement of several others in the multi-crore scam.
Earlier this month, the police received several complaints about cheating against Shri Om Sai Nath Car-on-Rent Limited that had its office on Kasturba Gandhi Marg. The victims alleged that company head Roopesh Verma lured them into investing money in a car-on-rent and a resort membership scheme, but they did not get the promised returns.
Under the first scheme, people were asked to invest Rs.1.25 lakh to 3 lakh as initial amount for purchasing vehicles on bank loan. The company then entered into a 60-month agreement with them promising a return of Rs.3,000 to 10,500 per month for using the financed cars, apart from paying instalments and other expenses.
It offered the investors the option of either retaining the vehicle or Rs.90,000 as its sale value after the contract period. The accused also issued 12 post-dated cheques of monthly returns to each investor. He had so far procured 166 cars though this modus operandi, the police said.
Under the second scheme, the investors were asked to deposit Rs.50,000 to 3 lakh for an “assured” monthly return of Rs.2,000 to 20,000.
Acting on the complaints, the local police arrested Roopesh Verma and purportedly seized Rs.2.24 crore and some gold coins from his office. The case was subsequently transferred to the EOW that identified 24 bank accounts having Rs.11.54 crore, which were frozen.