They duped unsuspecting investors of crores of rupees on the pretext of a car rental scheme before being hounded by the police in 2009.
They duped unsuspecting investors of crores of rupees on the pretext of a car rental scheme before being hounded by the police in 2009.
It was a big crime even then, but economic offences wing (EOW) sleuths are discovering its astounding magnitude only after arresting the two culprits.
The two — Amit Kishore Verma and Sanju Shrivastav — were directors of Om Sainath Car on Rent Ltd company, Kandivli. The investigation after their arrest in Mumbai recently has revealed that they ran a bigger scam than anticipated earlier.
The properties and assets owned by them include Rs84 lakh in cash, 154 cars of different models, 26 flats and two shops in Mumbai, three flats in Kalyan and Rajasthan, and a plush showroom in a Gurgaon-based mall. As many as 68 bank accounts of the company are under police scanner.
It was a scheme similar to that of the recently busted Citi Limouzine company, said an EOW official.
In 2007, the duo along with a few other partners, had floated the company and promised huge returns on investment.
“Om Sainath officials would lure the investors saying that they would purchase cars and supply them on rent to various companies. The money generated would be given to the investors. Also, after few years the investors would be entitled to the ownership of the vehicle purchased by the company. The scheme attracted investors from Mumbai, Delhi, Jaipur and Bangalore,” said the EOW official.
After a few years, the company defaulted in giving returns to the investors and shut down its operations in December 2009. One Sameera Ismail Patel then registered a criminal case.
“We have received over 400 complaints against the company. The seizure itself shows that this was a huge scam,” said the official.
“We have arrested the duo and are investigating the case further,” additional commissioner of police, EOW, Sanjay Saxena told DNA.
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