Delhi police EOW arrested one for allegedly running a ponzi scheme in the pretext of ration
New Delhi, March 22
The Delhi Police EOW arrested a NGO owner who allegedly duped more than 500 persons in the pretext of giving ration.
The accused was identified as Rajesh Kumar Bhartiya (45) of Nangloi in Delhi
The EOW had received a complaint from Harish Kumar alongwith 534 others stated that one N.G.O. namely Target Welfare Association which is run by Rajesh Kumar Bhartiya and others used to distribute Ration i.e Flour, Rice, Sugar, Refined Oil etc. to its members.
The NGO used to charge membership fee of Rs. 1500/- per member for distribution of ration for a period of 15 months. It is further alleged that said NGO is operating the same scheme at different places in Delhi i.e Jhandewalan, Pratap Nagar, Manakpura, Kishanganj, Mukundpur, Dabri etc. through regular branches.
The officials added that the complainant further alleged that the NGO is neither supplying the ration nor answering the phone calls. Moreover, accused have disappeared with all the money collected through membership fee. The accused collected large amount of money from gullible people. The EOW had registered a case of fraud, cheating and criminal conspiracy under Sections 420,406 and 120B if the Indian Penal Code.
The EOW stated thatduring investigation, the victims were examined at length and documents were also seized. The investigation has further revealed that accused Rajesh Kumar Bhartiya is the main person, who ran this ponzi scheme and he is an ultimate beneficiary of the cheated amount, which was collected from all the complainants. The accused reportedly never joined investigation and also frequently changed his residential address and was absconding.
Explaining their modus operandi, the EOw stated that the accused issued membership to victims and charged Rs. 1500/- from individual and thereafter provided ration cards to them. On each ration card, one can obtain Ration i.e one thing out of Flour, Rice, Sugar and Refined Oil for a period of 15 months. Initially, some of the members were provided Ration, but, later on accused ran away with all money collected through membership fees.
The officials stated that Bhartiya is school dropout. He allegedly hatched the conspiracy to run such ponzi schemes at Manesar in Haryana too where he has duped several persons. The EOW is further investigating the case.
