A 58-year-old man was arrested here for cheating around 4,000 people across India by inducing them to make investments in his company, police said Monday.Akhtar Ansari, resident of Pant Nagar in south Delhi, was arrested Sunday, Additional Commissioner of Police Ajay Chaudhry said, adding they had received a total of 465 complaints against him already and more were coming in.
Ansari created a website of 'Anjak Overseas', which claimed that his family 'has been a major business group in British Colombia (Canada) for 30 years'.
On the website, names of companies like Anjak Finance and Investment Limited, Source India Corporation, A.D.M. Films, K.A. Films, Anjak Group of Hotels, Iron Mines, Anjak Department Store, Anjak Best Products Inc. Super Market, Anjak Mumbai, Anjak S.P.A. and Anjak Delhi were mentioned.
On enquiry from different government agencies, police found that companies listed on the website had never done any kind of business and were projected only for inducement.
Ansari used to allure people by misrepresenting that they would pay them 20 percent assured return per month on the investment made by them in his company.
This assurance came out to be false as he deducted 5 percent administration charges and 10 percent tax deducted at source (TDS) out of 20 percent money paid, police said.
Initially, Ansari used to contact people on their phones and Facebook profiles, said Chaudhry.
The company has roped in as many as 4,000 clients in several parts of the country and duped them of Rs.3.5 crore, he said.
Ansari also used to give lavish parties for promotion of his company at different hotels and clubs.
Ansari told police that after seeing the website, people contacted his office at Preet Vihar in east Delhi where people met his co-associate Israr Ahmed. Ahmed is still absconding.
Later, they shifted their office to Azadpur in north Delhi. On June 4, they again shifted to Noida in Uttar Pradesh to avoid investors' queries.
Ansari used to receive money at all the three offices as well as at his residence.
'Two bags full of banks statements, a tree chart of the investors, chequebooks and passbooks of various bank accounts, ATM cards and passport of Ansari were seized,' said Chaudhry adding that they are still receiving complaints against Ansari from various parts of the country.
Ansari created a website of 'Anjak Overseas', which claimed that his family 'has been a major business group in British Colombia (Canada) for 30 years'.
On the website, names of companies like Anjak Finance and Investment Limited, Source India Corporation, A.D.M. Films, K.A. Films, Anjak Group of Hotels, Iron Mines, Anjak Department Store, Anjak Best Products Inc. Super Market, Anjak Mumbai, Anjak S.P.A. and Anjak Delhi were mentioned.
On enquiry from different government agencies, police found that companies listed on the website had never done any kind of business and were projected only for inducement.
Ansari used to allure people by misrepresenting that they would pay them 20 percent assured return per month on the investment made by them in his company.
This assurance came out to be false as he deducted 5 percent administration charges and 10 percent tax deducted at source (TDS) out of 20 percent money paid, police said.
Initially, Ansari used to contact people on their phones and Facebook profiles, said Chaudhry.
The company has roped in as many as 4,000 clients in several parts of the country and duped them of Rs.3.5 crore, he said.
Ansari also used to give lavish parties for promotion of his company at different hotels and clubs.
Ansari told police that after seeing the website, people contacted his office at Preet Vihar in east Delhi where people met his co-associate Israr Ahmed. Ahmed is still absconding.
Later, they shifted their office to Azadpur in north Delhi. On June 4, they again shifted to Noida in Uttar Pradesh to avoid investors' queries.
Ansari used to receive money at all the three offices as well as at his residence.
'Two bags full of banks statements, a tree chart of the investors, chequebooks and passbooks of various bank accounts, ATM cards and passport of Ansari were seized,' said Chaudhry adding that they are still receiving complaints against Ansari from various parts of the country.