ED conducts multiple raids in Delhi-NCR, arrests one in Bike Bot scam
Tyagi will be produced before a special PMLA court in Lucknow on Monday by the ED for seeking his custody, the officials said. PTI
Enforcement Directorate
The ED on December 20 conducted multiple searches in Delhi-NCR in connection with its probe into two money laundering cases and arrested a person in the Noida Bike Bot ponzi scheme, officials said. The raids were carried out at six locations in Delhi, Noida, Ghaziabad and Hapur by officials from Enforcement Directorate s (ED) Lucknow zone.
ED Joint Director (Lucknow zone) Rajeshwar Singh confirmed the search action in the two cases Bike Bot case and the money laundering investigation against real estate major Amrapali Group.
Dec 20, 2020, 23:54 PM IST
New Delhi: The Enforcement Directorate (ED), Lucknow Zone has conducted searches related to the BikeBot Bike taxi scam across four locations in Delhi-NCR and arrested an accused Manoj Tyagi. The searches were carried out against Saha Infratech Pvt Ltd and its promoter Anil Saha and F7 Broadcast Pvt Ltd and its past director Manoj Tyagi.
The ED arrested Tyagi who is a close associate of one of the main accused Vijender Singh Hooda for facilitating the financial transactions running into several hundred crores of rupees and concealing material facts related to the case and misleading the Agency.
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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