The Economic Offences Wing (EOW) of Delhi Police has arrested a man for allegedly duping over 100 investors on the pretext of promising them higher returns in his commercial project based in Noida.The accused has been identified as Satinder Singh Bhasin, a resident of Rajouri Garden in west Delhi. Police said that the accused was arrested on Tuesday and he was also released on bail as per directions of a Delhi court.
According to Dr O P Mishra, the Joint Commissioner of Police, EOW, the matter came to light in 2018, when police received several complaints from various people against Bhasin and his company.
According to the complainants, in 2012-13, alleged company Mist Avenue Pvt. Ltd. Invited people through an advertisement to invest in one of its Nodia-based projects.