7 more directors of Noida-based company arrested for fraud of Rs 42,000 crore

0
42thousand crores fraud

New Delhi: The Economic Offenses Branch (EOW) of Delhi Police has taken a major action in the case of Fraud. 7 more directors of MS Garvit Innovative Company of Noida, who swindled Rs 42,000 crore from people in the name of the bike boat scheme, have been arrested. In fact, not a few thousand but millions of people fell victim to the bike boat scam. The trick of making quick money and doubling the capital deceived the people. An FIR was also registered against Innovative Promoters Limited in Delhi after people complained of losing money. The owner of the company is currently in jail.

bike-bot-bike-taxi

According to the FIR registered with the police, this company, which committed a scam of Rs 42,000 crore, made millions of people its victims. In this whole case, the names of several accused, including a BSP leader, have been registered in the Economic Offenses Branch (EOW) of the Delhi Police. The police are currently investigating the case. The exact amount of forgery has not been ascertained. The police had registered an FIR on Saturday after thousands of people complained.

The company is also accused of intimidating people
According to the information received from the police, the company made people invest in the name of the bike boat scheme and dreamed of giving good returns. Investors’ returns also came in a couple of months, then later the company abruptly stopped giving returns. Seeing the money sinking, people wanted to complain, so the company blew them up. An FIR was registered after receiving complaints from several people. The case is currently being investigated by the Economic Crimes Branch.

Advertisement