Couple held in south Delhi for cheating investors
TNN | Feb 11, 2019, 00:36 IST
Picture for representational purpose only.NEW DELHI: A couple accused of duping several investors of Rs 30 crore was arrested from south Delhi on Saturday. The accused, Vinod and Preeti Bansal, were wanted by CBI and Economic Offences Wing (EOW) of Delhi Police in several cases of cheating. Bansal had been arrested by CBI in 2006.
DCP (south) Vijay Kumar said that the Bansals would lure people to invest in fake and incomplete housing projects and flee with the money. Vinod had also taken loans from several banks and finance companies, but defaulted in repaying them. He had also taken a loan of around Rs 10 crore from private investors.
In 2006, Vinod was arrested for cheating several people by convincing them to invest in a non-existent group housing project. After being released from jail, he started luring people into investing in schools.
Vinod purchased a property in south Delhi’s Green Park and mortgaged it to a bank. However, he sold the property floor-wise to several people without informing them about the mortgage. He was arrested again in 2016, but granted bail. This time, however, he absconded and failed to appear for court hearings, police said.
“We tracked his location using technical surveillance,” DCP Kumar added.
DCP (south) Vijay Kumar said that the Bansals would lure people to invest in fake and incomplete housing projects and flee with the money. Vinod had also taken loans from several banks and finance companies, but defaulted in repaying them. He had also taken a loan of around Rs 10 crore from private investors.
In 2006, Vinod was arrested for cheating several people by convincing them to invest in a non-existent group housing project. After being released from jail, he started luring people into investing in schools.
Vinod purchased a property in south Delhi’s Green Park and mortgaged it to a bank. However, he sold the property floor-wise to several people without informing them about the mortgage. He was arrested again in 2016, but granted bail. This time, however, he absconded and failed to appear for court hearings, police said.
“We tracked his location using technical surveillance,” DCP Kumar added.
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