INTER-STATE FRAUDSTER WHO HAD DUPED INNOCENT INVESTORS OF CRORES OF RUPEES ARRESTED

Naveen Singh resident of Sector-19, Dwarka, New Delhi, an Interstate Fraudster that had duped innocent investors of their money and had fraudulently collected crores of rupees had been absconding. He was wanted in two cases of cheating one of PS South Rohini, Delhi of the year 2013 and another of PS City Fatehabad, Haryana of the year 2012. Naveen alongwith his family members and other associates had founded a Chit Fund Company at Sector-3, Rohini, Delhi in the name of “NCR Multi National”. They lured innocent people to invest in their company and they promised to give high rate of interest every month on the invested amount. They lured the investors to invest in their Company in the form of Recurring Deposit, Fixed Deposit and Monthly Installment Scheme and received crores of rupees from the investors. After collecting crores of rupees they fled. Apart from the above company he floated other companies in the name of Wealth-care, DIR-Delhi, MHC-Bombay at different locations in India and using the same modus operandi, he lured innocent investors to invest in these companies and after collecting crores of rupees fled.

On 23/08/2014, information was received by HC Virender Kumar that a wanted Interstate Fraudster would be coming near Tikri Border, Delhi. On this, a team led by Inspr Vijay Kumar Rastogi and consisting of SI Kishor, HC Virender, HC Ramesh and Ct Gopal Krishan under the supervision of ACP Sanjeev Tomer and overall supervision of DCP/Crime D.K. Gupta laid a trap and the interstate fraudster was apprehended. He was identified as Naveen Singh (aged 35 years) s/o Rajeev Singh r/o Sector-19, Dwarka, Delhi. He was arrested under the appropriate sections of the law.

Concerned police stations have been informed about his arrest.