Kurukshetra Police Crack Down on Multi-Lakh Investment Fraud Scheme
In a significant development, the Kurukshetra police have apprehended three individuals in separate cases linked to a sophisticated investment fraud that duped investors of lakhs of rupees. The arrests were made by a dedicated team from the Economic Offences Wing (EOW) of Kurukshetra, targeting an alleged scam that promised lucrative returns on investments in a company purportedly handling government contracts.
Details of the Accused and Their Arrest
The police have identified the arrested individuals as Ramsharan Bhardwaj, a resident of Sarai Sukhi; Ayush, originally from Bihar but currently residing in Greater Noida; and Gaurav Pratap, a local resident of Kurukshetra. According to official statements, the arrests followed a meticulous investigation initiated after multiple complaints were filed by victims who fell prey to the fraudulent scheme.
How the Investment Scam Unfolded
The fraud came to light when three complainants—Randeep Singh from Sector-8, Karnal; Vikrampal from Sajuma village in Kaithal district; and Rameshwar from Sultanpur village in Kurukshetra district—approached the authorities. They reported that during the period of 2022–23, they were introduced to Ramsharan, Gaurav Pratap, and their associates through mutual acquaintances.
The accused allegedly enticed the investors with promises of attractive returns ranging from 5 to 8 percent on investments in their company, which they claimed was engaged in securing and executing government contracts. Convinced by these assurances, the victims invested substantial sums: Randeep Singh parted with Rs 68 lakh, Vikrampal invested Rs 30 lakh, and Rameshwar contributed Rs 7.5 lakh, cumulatively amounting to over Rs 1 crore.
Investors Realize They Were Cheated
After a considerable period, when the investors sought returns on their investments, the accused reportedly cited losses in the company as an excuse for not fulfilling their promises. This raised red flags among the victims, who soon realized they had been deceived. Suspicion turned to certainty, prompting them to lodge formal complaints with the police, detailing the entire fraudulent operation.
Police Action and Legal Proceedings
Following the complaints, separate cases were registered at the Thanesar Sadar police station, and a thorough investigation was launched. On March 11, the police team secured production warrants from the court, leading to the arrest of the three accused. The Economic Offences Wing is now delving deeper into the matter to uncover the full extent of the fraud and identify any additional accomplices or victims.
Ongoing Investigation and Future Steps
Police officials have confirmed that the investigation is actively underway, with efforts focused on tracing the flow of funds and gathering more evidence. They emphasized that such cases highlight the importance of due diligence when investing, especially in schemes promising unusually high returns. The arrests serve as a warning to potential fraudsters and a reassurance to the public that economic offences are being tackled rigorously.
As the probe continues, authorities are urging anyone with similar experiences or information related to this scam to come forward, ensuring that justice is served and preventing further financial losses in the community.
