Sikar police arrests 5 for defrauding thousands of people of Rs 300 crore
According to the police, the accused people set up a fake gems and jeweler company and manipulated over 30,000 people into investing in it.
Jaipur: Sikar police on Thursday arrested five people including a woman for allegedly defrauding thousands of people of Rs 300 crore in the name of unrealistic return on their investment in a diamond company.
The accused have been identified as Brijmohan, Poonam (Brijmohan’s wife) and Brijmohan’s three brothers Rajmohan, Krishnamohan and Dinesh Saini, residents of Chomu. Poonam is reportedly a councilor and associated with the Bhartiya Janata Party (BJP).
According to the police, the accused people set up a fake gems and jeweler company and manipulated over 30,000 people into investing in it. The accused persons defrauded the investors of nearly Rs 300 crore. They offered them a 10% profit on their investment in gems, precious stones and metals such as gold, diamonds and silver. They also created a website through which they sold the products to a large number of people, added officers.
A case was registered with a police station in Sikar regarding the alleged fraud.
Police said, the five persons had been running an office in Jaipur near Murlipura area for the past few years and used to export gems abroad. They offered several business deals to investors in the name of high profit.
Police suspect that more victims of fraud may come forward in different districts of the state.
Also, the accused used to keep a machine to count currency notes at their home. the complaiannts alleged that the company boasted of a network of 34000 employees to gain the trust of the investors through their website.
The case has been handed over to special operations group (SOG) for further investigation.