p Grand Venice Mall s owner Satiner Singh Bhasin br /p
LUCKNOW: The Economic Offences Wing (EOW) of Uttar Pradesh police late on Monday night arrested Greater Noida s Grand Venice Mall owner Satiner Singh Bhasin for his role as a co-conspirator in Rs 4,000-crore Bike Bot scam.
Pursuing a non-bailable warrant against him in the scam, the EOW sleuths arrested Bhasin near the GB Nagar district magistrate office. EOW sleuths say Bhasin was involved in illegal transaction of money with the main accused Sanjay Bhati and has confessed to his involvement in the scam.
The Bike Bot scam surfaced in November last year when a Jaipur resident lodged an FIR. It then came to light that Bhati, through his Garvit Innovators Promoters Limited (GIPL), had duped 2.6 lakh people. Through his Bike Bot scheme, Bhati lured customers into investing in motorcycle taxis and assured them monthly returns, besides doubling their investment within a year. The victims of the scam spread across seven states