Man arrested for cheating over 30 businessmen of more than Rs 7 crore:

Man arrested

New Delhi: A senior officer on Sunday reported that a person cheated over 30 businessmen of more than Rs 7 crore. He used to purchase goods by paying 25 per cent money and then issued a post-dated bank cheque. The accused has been arrested by Delhi Police EOW.

owners of Sri Balaji Overseas purchased goods at 25 per cent and rest told to pay by post-dated cheques:

Police stated that the owner of the firm Sri Balaji Overseas in Ashok Vihar purchased various goods and laid 25 per cent of the total cost. He then paid the rest through post-dated bank cheques.

Man arrested for cheating over 30 businessmen of more than Rs 7 crore:

Later the owner of the firm shifted from Ashok Vihar to DLF and Moti Nagar. And then the company was taken by SBO Export Pvt Ltd. Manoj Kumar is the director of SBO Export Pvt Ltd. He allegedly used all the cheques of Sri Balaji Overseas.

30 businessmen

What Joint commissioner of Police sated about the company?

OP Mishra is the Joint Commissioner of Police of Economic Offences Wing. OP Mishra said in a statement, “The said company did not deal in any particular goods. Instead, they purchased all kinds of goods, subject to the availability of sellers. They bought spices, paper, LED TVs, computer parts, PVC fittings etc. After collecting goods from various dealers, the accused just disappeared.”

Accused has done MTech, worked in a reputed company for fifteen years:

Before starting his own business, the accused used to work as an AGM(Operation) in a reputed company. He worked there for 15 years. The accused has done MTech and in 2016, he opened DK Enterprises in Panchkula, Haryana. And through the same modus operandi, The accused cheated several individuals. 

 

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