Both the accused persons lured the victims to invest in DD Global Capital Pvt. Ltd. and cheated them to the tune of Rs. 1.17 Crore :Delhi EOW

New Delhi, August 5

The Delhi Economic Offences Wing, arrested  two for allegedly duping several with double return promises on investments.

The accused were identified as Tarun Kumar Sil from Karol Bagh and Narender Kumar from Pitam Pura under sections 406/420/120B if the IPC.

The EOW stated that complainant Kailash Devi Khanna and her family members invested Rs. 1.58 Crore in 2005 in firm of accused i.e. M/s DD Sales Corporation, on inducement of lucrative returns. 

In 2012, accused Sanjay Gambhir (already arrested), Narender Kumar and Tarun Kumar again induced the complainants to transfer their investment from M/s DD Sales to his company M/s DD Global Capital Pvt. Ltd, and got transferred Rs. 1.17 Cr. in the said company from the complainants. 

According to the EOW, Tarun Kumar and Narender Kumar are directors and authorised signatories in M/s DD Global Capital Pvt Ltd.  Both the accused persons in connivance of other accused persons induced and lured the victims to invest in DD Global Capital Pvt. Ltd.  and cheated them to the tune of Rs. 1.17 Crore.

The officials added that the accused  induced the complainant to invest in their company on the pretext of lucrative return. After taking investment from the complainants, the accused neither paid the principal amount nor paid any return to the complainants.

The accused were wanted in 13 cases registered against them in Ballabhgarh Faridabad of Haryana. 

The EOW is further investigating the case.