12 booked, 2 held for cheating investors to the tune of `3 cr

Panaji: The Economic Offences Cell (EOC) of Goa police has arrested two persons from Delhi for cheating many Goans by floating a scheme calling for investments with the promise of more than double the returns. The fraudsters had managed to collect an estimated Rs 3 crore from various investors.
PI of the EOC, Razashad Shaikh, had filed a complaint on June 8 against three persons running the scheme under the company banner of ‘Yudivo Marketing’. The company had offices in Noida, UP, and Arlem, Fatorda.
The company’s director Vijay Kumar Jaiswal and managing director Rashmi Jaiswal, who were the national promoters of Yudivo, were booked along with Subhash Chandra, a national promoter of the company, and nine agents Veena Kudav, Diksha Naik, Sudhir Naik, Siba Sadhak, Suresh Zarekar, Krishna Yadav, Supriya Sawal, Pradeep Shivlingkar, and Prasanna Naik.
“The agents and their associates offered various schemes to the investors. In one, if a person invested Rs 11,000 in their company, after six months he was promised a sum of Rs 23,400 and also returns of Rs 2,000 per month within another seven months,” Shaikh said.
In the second scheme, if a person invested Rs 1.21 lakh, he was promised Rs 9,000 per month for 10 months and Rs 2.34 lakh thereafter.
“As per the third plan, a person investing Rs 28,500 in their company was promised Rs 2,000 per month for 10 months and Rs 20,000 on completion of 12 months and another Rs 20,000 on completion of 18 months,” Shaikh said.
The schemes were advertised through pamphlets.
Accused Vijay Kumar was arrested on July 16 and is presently in judicial custody.
“A team from Goa proceeded to Noida and Delhi on September 19 to trace the accused and on September 23 apprehended Subhash Chandra. Later, with the help of Farsh Bazar police station, the accused was produced before the Karkardume Court, Shahdara, Delhi and got two days transit remand. He will be produced before a Goa court soon,” Shaikh said. The accused have been booked under various sections of Prize Chits and Money Circulation Schemes (Banning) Act, 1978, and Goa Protection of Interest of Depositors (in Financial Establishments) Act, 1999.