New Delhi: The Economic Offences Wing (EOW) of the Delhi Police, which is investigating into the multi-crore Stock Guru scam, has recovered assets worth Rs 20 crore after conducting raids in Mumbai and Ratnagiri.
The EOW team has seized 750 yards of industrial land registered in Ulhas Prabhakar Khare's name along with seven red-beacon cars with fake registration. They have also seized 48 high-end mobile phones, spy cam watches, 18 pan cards, and 75 debit cards.
Investigators said that the couple, Ulhas Prabhakar Khare and Raksha J Urs, also duped investors through a film institute that promised 100 per cent placement in the film industry. The police team also recovered 131 cheque books and a currency counting machine.
The couple was arrested for duping around 2 lakh investors from seven states of nearly Rs 500 crore by promising them high returns on their investment through their firm dealing in stock market. The people, who invested in the firm, claim they were taken in by the promise of quick returns....more
04:55 PM, Nov 27, 2012
Ratnagiri: A couple has been arrested for allegedly duping around two lakh investors from seven states of nearly Rs 500 crore by promising them high returns on their investment through their firm dealing in stock market, police said today. "After a hunt of one year, Ulhas Prabhakar Khaire, 33, a resident of Nagpur, and his 30-year-old wife Raksha J Urs were arrested from Maharashtra's Ratnagiri town on Saturday by the...
07:07 PM, Nov 13, 2012