MUMBAI: City businessman Omprakash Goenka who has been accused of defrauding round 18 lakh investors around the state of about Rs 4,500 crore has been arrested via Nashik law enforcement officials from his Wadala place of job in one of the cheating cases. Goenka’s Royal Twinkle Star Club (RTSC) had allegedly lured investors with top returns. These investors had been promised a complete returns of round Rs 7,500 crore.
In August 2015, the securities and change board of India (Sebi) had imposed a four-year ban at the firm and its four administrators for illegally raising over Rs 2,656 crore within the garb of ‘time share’ vacation plans. The capital market regulator, which have been maintaining a close watch on illicit money-pooling schemes, had directed the company to refund the money in conjunction with promised returns to the investors.
The Nashik (Rural) economic offences wing (EOW) police team of workers picked up Goenka from his place of job on May 21 after a bunch of investors from Lasalgaon, near Malegaon, lodged a complaint announcing they had been cheated of Rs 1.eight crore via RTSC. While Goenka is the MD of RSTC, police are but to arrest three administrators. Goenka has been sent to police custody until May 31.
One of the sufferers, Kavita Pagar (38), a homemaker, mentioned she had invested Rs 15 lakh she had stored over the years. “We have got round 1,200 to one,300 investors thus far. The have approached us,” mentioned an officer from the Nashik EOW. The Mumbai EOW could also be probing a separate case in opposition to RTSC place of job bearers for cheating hundreds of investors. The Mumbai EOW has thus far won over 500 complaint letters.
“The complaint used to be first registered at Mumbai’s Rafi Ahmed Kidwai Marg police station and later transferred to the EOW. The investors include farmers, labourers, lecturers, government staff, businessmen and agents. The schemes—Crystal, Saffron, Gold, Silver, Bronze, Royal and Orange —persisted from 2008 to 2016,” mentioned a police officer.
RTSC ran such schemes around the country, mentioned a police officer. In the Mumbai case, the complainant, who works as a supervisor at a liquor shop, used to be additionally an agent for the firm and had invested now not only his personal money, but in addition of his kin and shoppers, mentioned police.
“The accused had additionally promised lodge keep applications, in response to the reward points, to the investors. We have booked the accused underneath various sections of the Indian Penal Code and stringent law Maharashtra Protection of Interest of Depositors’ Act,” added an officer.
The EOW had early this yr carried out searches at six puts in Mumbai.
In August 2015, the securities and change board of India (Sebi) had imposed a four-year ban at the firm and its four administrators for illegally raising over Rs 2,656 crore within the garb of ‘time share’ vacation plans. The capital market regulator, which have been maintaining a close watch on illicit money-pooling schemes, had directed the company to refund the money in conjunction with promised returns to the investors.
The Nashik (Rural) economic offences wing (EOW) police team of workers picked up Goenka from his place of job on May 21 after a bunch of investors from Lasalgaon, near Malegaon, lodged a complaint announcing they had been cheated of Rs 1.eight crore via RTSC. While Goenka is the MD of RSTC, police are but to arrest three administrators. Goenka has been sent to police custody until May 31.
One of the sufferers, Kavita Pagar (38), a homemaker, mentioned she had invested Rs 15 lakh she had stored over the years. “We have got round 1,200 to one,300 investors thus far. The have approached us,” mentioned an officer from the Nashik EOW. The Mumbai EOW could also be probing a separate case in opposition to RTSC place of job bearers for cheating hundreds of investors. The Mumbai EOW has thus far won over 500 complaint letters.
“The complaint used to be first registered at Mumbai’s Rafi Ahmed Kidwai Marg police station and later transferred to the EOW. The investors include farmers, labourers, lecturers, government staff, businessmen and agents. The schemes—Crystal, Saffron, Gold, Silver, Bronze, Royal and Orange —persisted from 2008 to 2016,” mentioned a police officer.
RTSC ran such schemes around the country, mentioned a police officer. In the Mumbai case, the complainant, who works as a supervisor at a liquor shop, used to be additionally an agent for the firm and had invested now not only his personal money, but in addition of his kin and shoppers, mentioned police.
“The accused had additionally promised lodge keep applications, in response to the reward points, to the investors. We have booked the accused underneath various sections of the Indian Penal Code and stringent law Maharashtra Protection of Interest of Depositors’ Act,” added an officer.
The EOW had early this yr carried out searches at six puts in Mumbai.
Mumbai: Bizman held for Rs 4,5000-cr 'fraud'
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Reviewed by Kailash
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May 31, 2018
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