Company owner held in `1 crore cheating case
The Economic Offence Wing of the Delhi police has arrested a multi-level marketing company owner in connection with a cheating case worth `1 crore.
The accused identified as Amit Kothari duped around 250 people and fled to Dubai to avoid arrest but was arrested upon return to Delhi.
Kothari’s partner and co-accused Manoj Sharma is still absconding.
The duo had formed multi-level marketing company Maximus Trade Incorporation and launched schemes in January 2010, inviting people to invest.
The accused had created a website in the name Maxforexonline.Biz, showcasing their schemes and plans on the Internet.
They used to lure investors by saying that they were dealing in business of foreign currency exchange saying that there is huge margin in the business and their company was exempt from paying income tax as it was located off shore.
“They assured a return of 15 per cent to 20 per cent per month on the investments made. After collecting crores of rupees from general public, the accused closed their website and absconded without returning the promised money to the investors,” said the police official.
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Two held for murder of car driver
Noida, May 21: Two persons, including a travel agency caretaker, were arrested for allegedly killing a car driver whom they suspected of facilitating a vehicle theft.
The victim, identified as Sarvesh, was employed with the travel agency.
On May 17, Sarvesh was driving an Innova car to Noida when some unidentified men stopped him at gunpoint and later threw him out of the vehicle in Bulandshahar area, the police said. Caretaker Krishna and Dayant, however, suspected that the driver was hiding some facts. The duo called Sarvesh at Bakhtawarpur office where they mercilessly beat him to death. The police said the duo then wrapped the body in a blanket and drove it in a car. They then threw the body in the Yamuna.
Following interrogation of the two accused, sleuths have seized the car and also recovered the victim’s body. — PTI
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