Accused in police custody
A team of STF Meerut has arrested 2 thugs from Mohan Makin Society in Vasundhara area of ​​Indirapuram Police Station area of ​​Ghaziabad. The arrested accused have been identified as Vinod Kumar Dhama and Ravinder alias Nawab. Both are residents of Bagpat district. The STF arrested the duo from a flat in Mohan Makin Society located in Vasundhara Sector 5. During the arrest, 6 mobile phones, company account numbers and other documents were recovered from him.
According to information, cases have been registered against both the accused in Sector 63 Police Station in Noida and Sikar Police Station in Udyog Nagar, Rajasthan. A case of Prize Cheats and Money Circulation Scheme Betting Act has also been registered against the duo at Hyderabad’s Central Prime Station. The arrested officials said that accused Vinod Kumar and Ravindra Seth used to invest money in trading by promising people profit.
When people accumulated too much money, they would close the company and run away. After this they would go somewhere else and open a new company to cheat the same people. Both the accused had opened trading firms in the names of Kalpavriksha Trading Master Technology Private Limited in Sector 63, Noida and Hot Security Limited and Ayurveda India Limited also in Ghaziabad. He made people invest crores of rupees in both the companies and then closed the company with the money and ran away.
In this way they used to embezzle crores of rupees
Both the accused had formed a fraud syndicate together. In this scam, Vinod Dhama worked for a few days in an American stock trading company where he learned online stock trading. In 2022, the second accused Vinod, along with his associates, registered two companies namely Kalpavriksha Trading Master Technology Pvt Ltd and Trading Master in Sector 63 Noida for online trading. In these companies, Vinod Dhama, Parveen Dhama were made owners and Vinod Dhama and Rohil Khan were made directors.
He used to pay interest by making a leader
Accused Vinod purchased Trading Master Bot for ₹500000 from a person named Nitesh, a company that used to conduct online automatic trading. In these fraud gangs, investors were lured by giving 10 to 15% interest on the money invested. Some leaders were also made from the same people who were made leaders by getting other people to invest in their company. People who invested in his company were given timely interest for three to four months. When a large sum of money came into the hands of the accused, they used to close the office and run away.
