nThe Economic Offences Wing (EOW) of Delhi Police has arrested a man for allegedly inducing the people to invest in a real estate company on a huge return and duped them to the tune of Rs four crores.
The accused has been identified as Nikhil Mishra. Police said that he along with his associates had cheated around 14 people to the tune of Rs four crores.
According to Dr O P Mishra, the Joint Commissioner of Police, EOW, a case was registered after a complaint was received from Mangat Ram and other victims against Priya Arora alias Priya Mishra and others regarding cheating.
“It has been alleged that Priya Mishra approached them and misrepresented on several counts including that she was working in a reputed company and induced for investment showing rosy pictures that her company was dealing in real estate and the company used to sale space for shops into an under construction Mall at Delhi,” said the Joint CP.
“She alongwith her husband Harish Arora, her brother Nikhil Misra and others claimed themselves to be the Directors on the company. Similarly, some other persons have been cheated as well on false pretexts of doubling the invested amount in one year,” said the Joint CP.
“During investigation, the accused Priya Arora was arrested last year while Harish Arora was also arrested this year. While during questioning Nikhil did not give justified answers. He stated that he has nothing to do with Priya and her acts. But when the statements of some complainants were recorded after the arrest of accused Priya they alleged that Priya in connivance with her brother Nikhil cheated the victims following which he was interrogated and subsequently arrested on December 28,” said the Joint CP.
“Scheme of doubling the amount in short period of time was explained to them by Nikhil and cheated amount of nine lakhs had been transferred to the account of accused Nikhil Mishra. Further, Nikhil Mishra transferred the said amount to his trading account and misappropriated the same,” said the Joint CP.