Delhi Police EOW held a fraudstser who cheated in the name of "committees"
New Delhi, August 9
The Delhi Police EOW held a fraudster from Okhla in Delhi who cheated in the name of "committees" (short term finance schemes).
The accused was identified as Mohd. Aslam from Jamia Nagar, Okhla who indulged in ponzi schemes and induced the innocent victims to invest and further cheated them
The EOW received a complaint from Daulat Ram and other victims, who alleged that one Mohd Aslam and his relatives used to run ‘Committees’ of Rs. 2.5 Crores with total members up to 50 in different groups. They used to run a shop at 7876, Arakasahan Road, New Delhi.
The complainant further alleged that above said alleged person collected the different amounts from 50 people on pretext of high returns, and fled away with accumulated amount (around Rs. 2.5 Cr.). The EOW booked him under sections 420/406/120B/34 IPC and 4 Prize Chit and Money Circulation Act.
During investigation, it was found that Aslam, Irfan, Wasim and Kasim are relatives and running a salon with the title of Hero Salon at 7876, Arakashan Road, New Delhi. As Aslam’s father used to run and manage the committees (short term financial schemes) in Paharganj market since last 40 years, all the market peoples used to trust him. However, after his demise, his son Aslam with his sons and brother started managing the committees, induced the people to deposit the amount with them in lieu of good returns.
Since 2018, Aslam and his associates after collecting the monthly subscription of all committees in cash, ran away from their residence and usurped the monies of complainants. Most of the complainants are worker i.e Mechanic, Hotel waiters, saloon worker, Fridge mechanic in Paharganj Market, New Delhi and have low income, officials added.
Message for General Awareness in Public:
Be a smart investor, take proper measure before investing. One should invest money in registered Chit Fund Societies for safe returns and claims. Don't invest hard earned money in cash or cheque in greed of higher return. Before investing, check identity & credibility of the service provider. Do every transaction through cheque/electronic means & don’t invest huge amount in cash.
