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Man behind 'Freedom 251' arrested for Rs 41 lakh fraud | Noida News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzFraudsters duping FMCG businessmen after gaining their trust daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Fraudsters duping FMCG businessmen after gaining their trust By IANS | Published on Wed, Jan 13 2021 13:12 IST | 0 Views
How Fraudsters are duping FMCG businessmen by wining trust and duping later Modus operandi. Image Source: IANS News New Delhi, Jan 13 : Fraudsters have been duping unsuspecting businessmen dealing in fast moving consumer goods (FMCG) of crores of rupees after gaining their trust by making timely payments for initial purchases, police said on Wednesday. The modus operandi of these fraudsters came to light during police investigation and subsequent arrests made in several cases. Police said that fraudsters would first purchase goods from suppliers at prices higher than those in the market and make timely payments in the first few instances. ....
Updated Jan 12, 2021 | 15:22 IST Police had received 40 complaints against the company from traders in Uttar Pradesh, Delhi, Punjab, Haryana, Rajasthan, West Bengal, Andhra Pradesh and a few other states. Noida: ‘Freedom 251’ mobile’s Mohit Goel arrested for duping dry fruits traders of Rs 200 crore | Photo Credit: iStock Images Key Highlights Initially, the accused would procure dry fruits from traders across the country at rates higher than normal market price and make timely payment to win their trust. Later, they would place bulk orders and make 40 per cent of payment in advance through net banking. They would not making the remaining payment and earn money by selling dry fruits in open market. ....
Among police’s immediate recoveries were an Audi, 60 kg dry fruits and documents. Goel was arrested on Sunday evening near Meghdootam Park The company operated out of Corenthum, the premier office complex in Sector 62, and paid a rent of Rs 3 lakh per month. Police said they had received at least 40 written complaints of fraud against it from traders across the country in Punjab, Haryana, UP, West Bengal, Rajasthan, Delhi, Karnataka, Andhra Pradesh and a few other states. Goel and at least four others ran the company. Among their employees were three foreigners, who handled the front office as receptionists, police said. ....