Aman Kumar and Arjun Jain. A 32-year-old businessman, who once invested more than 4 million dollars to arrange pop star Justin Beiber’s concert in India, has been arrested by Delhi Police’s Economic Offences Wing for allegedly cheating a man of Rs 5 crore. His associate has also been held in the case.
Police said the accused allegedly duped the man by telling him that he is organising a music event in India with Justin Bieber and the US company William Morris Endeavour. He promised over 50% returns on the investment. However, no such event took place.
The accused, Arjun Jain, is the managing director of Whitefox India and had arranged the Indian leg of Bieber’s ‘Purpose Tour’ in 2017. According to reports, Jain had invested over 4 million dollars (Rs 26 crore) for the concert, a large chunk of which was Bieber’s fees. The pop star had performed at Mumbai’s DY Patil Stadium in May 2017.
The Delhi Police Friday said that Jain and his associate Aman Kumar have been arrested in a case of criminal breach of trust, cheating and criminal conspiracy.
Police had received a complaint from a man named Akshay Aggarwal, who alleged that Jain and Kumar “induced him” to invest in their firm called Vamos Entertainment for organising music events.
Aggarwal lodged a complaint this year after the accused allegedly did not pay his Rs 5 crore back despite not organising any such event, police said.
R K Singh, Additional Commissioner of Police (EOW), said, “We noted Aggarwal’s complaint and found that the accused had taken the money for their company, but had then diverted it to their personal bank accounts and never returned the money.”
A team of EOW officials was sent and the two were arrested following raids in Delhi. While Jain lives in Chhatarpur, Kumar is a resident of New Friends Colony.
“We found Jain is a proprietor at Whitefox and had once arranged Bieber’s concert. He has also worked with other international celebrities. The two were also directors at Vamos Entertainment. They were produced before a court and have been sent to judicial custody,” Singh added.
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