BIKE BOT PONZI SCAM ACCUSED HELD IN LUCKNOW
LUCKNOW: The UP Special Task Force (STF) arrested the owner of an electronic news channel, Badri Narain Tewari, in Lucknow on Thursday in connection with multi-crore bike bot ponzi scam.
He was wanted in one of the cases registered at Dadri police station in Gautam Buddh Nagar, said STF officials.
The Economic Offences Wing (EOW) had been investigating the scam since March 2020 and sought the STF’S help in September 2020 for arresting people involved in it. Badri Narain Tewari, a resident of Lucknow’s Alamnagar area, is allegedly the owner of a private news channel operated from Lucknow.
He was arrested from Manoj Pandey crossing in Gomti Nagar while he was allegedly trying to move out of the city, said an STF official.
The STF officials said that Tewari was allegedly closely associated with Vijendra Singh Hooda, owner of Garvit Innovative Private Limited, which floated a ponzi scheme and allegedly duped over 2.5 lakh gullible investors of over ₹4,200 crore.
He said Tewari allegedly got associated with Hooda as he was earlier involved in manufacturing battery-operated motorcycles and supplied these bikes to Garvit promoters.
An Economic Offences Wing official said the ponzi scheme operators allegedly duped people in Uttar Pradesh, Rajasthan, West Bengal, Delhi, Maharashtra, Punjab and Haryana by offering them a lucrative scheme of investing ₹62,200, the cost of one bike, and get returns of ₹9,765 every month for one year amounting to a total of over ₹1.17 lakh.
NOIDA: The Noida police on Thursday nabbed two men for allegedly snatching mobile phones and robbing people in Delhi-ncr.
The suspects, identified as Rishabh Dayal and Chhotu, are residents of New Ashok Nagar in Delhi. They are natives of Kannauj and Auraiya — both in Uttar Pradesh — respectively.
Police stopped the suspects for checking near Morna Bus Station, Noida Sector 24, after noticing that their scooter did not have a licence plate.
“The two suspects tried to escape when they were stopped, and also opened fire at the police team. Rishabh was injured in a retaliatory firing, while Chhotu managed to escape. He was later nabbed by the police,” said additional deputy commissioner of police (zone 1) Kumar Ranvijay Singh.
Injured Rishabh was admitted to a hospital.
They mainly targeted morning walkers, police said. Police have seized three stolen phones, a countrymade pistol and a scooter from their possession. Police said the suspects, who have been active in the Delhincr for years, have a dozen cases against them in Noida, Ghaziabad and Delhi, the earliest one dating back to 2013.
NEW DELHI: While ordering the extradition of Nirav Modi on Thursday, the District Judge at Westminster Magistrates’ Court Sam Goozee said that the testimony of former Supreme Court judge Markandey Katju was not reliable and had “hallmarks of an outspoken critic with his own personal agenda”.
Katju last year appeared in the Westminster court as an expert defending Nirav Modi saying the fugitive jeweller would not receive a fair trial in India.
In his judgment, a copy of which has been reviewed by HT, Judge Sam Goozee said: “I attach little weight to Justice Katju’s expert opinion. Despite having been a former Supreme Court judge in India until his retirement in 2011, his evidence was in my assessment less than objective and reliable. His evidence in Court appeared tinged with resentment towards former senior judicial colleagues. It had hallmarks of an outspoken critic with his own personal agenda.”
The Judge further said that he found Katju’s “evidence and behaviour in engaging the media the day before giving evidence to be questionable”.
In his testimony, Katju said in the court that India was in a poor economic condition, that Nirav Modi was a scapegoat being blamed for causing a financial crisis in India. He added that the Indian Supreme Court had become subservient to the Indian government.
The former Supreme Court judge could not be reached for comment.