The record
Written from the 1 report below. Nothing here is unsourced.
- Police in Bijnor, Uttar Pradesh, have registered an FIR after around 3,000 investors alleged a 20-25 crore rupee investment fraud.
- Complainants say accused individuals, including Naveen Negi and Rajesh Vashishtha, lured people through online and in-person meetings with promises of fixed monthly income, using multiple bank accounts, cash collections and allegedly fake companies.
- Investors claim they received neither the promised returns nor their principal back, and that those who asked for money were threatened, including with false suicide cases.
- Complainants say the alleged mastermind has fled to Dubai, and police say the investigation is ongoing and allegations can only be confirmed after the probe and legal process are complete.
What to watch next
- Whether police act on victims' demand to seize accused persons' passports and examine their assets to prevent them fleeing abroad.
- Progress of the investigation into the alleged role of the accused and the reportedly fake companies used.
- Any recovery or refund of investors' money as the case proceeds.
Coverage1
1 report
Indian-language1
All filed from India
Named India · Bijnor · Investors · Uttar Pradesh · Abhishek Jha · Bijnor Police · Mohit Kumar · Mukesh Kumar · Naveen Negi · Puja Vishwas · Rajesh Vashisht
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