New Delhi: The Economic Offences Wing (EOW) of Delhi Police has arrested three members of the same family in connection with an alleged fraud of about ₹3 crore by luring people with promises of doubling their investment in 20 months and paying 60% annual interest. The accused were caught from the Digha area of Patna, the capital of Bihar. Those arrested include Satyanand Yadav (51), a woman (46) and Vikas Yadav (28).
According to police, Satyanand Yadav operated a firm named “Satya Financial Consultancy Services”. It is alleged that through this firm, people were assured that their investment would be doubled in 20 months and that interest of up to 60% annually would be paid. Large sums were collected from investors through attractive schemes, but after the stipulated period ended, neither the promised returns nor the principal amount was returned.
The investigation in the case began on the complaint of Sushil Kumar Sharma and others. Police have so far received 27 complaints. The probe found that investors’ money was deposited not only in the firm’s bank accounts but also in the personal bank accounts of the accused.
Police said that after collecting the money, the accused allegedly changed their locations and went absconding. Non-bailable warrants were obtained in the search for them, and notices were pasted at their old addresses. Their location in Patna was traced through technical surveillance.
All three accused have been produced before a local court and transit remand has been obtained. Police are now examining bank accounts, money transactions and the total amount involved in the alleged fraud.
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