Lured to invest in scrap factory, UK-based NRI loses Rs 1 crore

A UK-based NRI, Tejinder Singh, has accused a local resident Vishwajit Sharma, son of a former cop and his family, of allegedly defrauding him of Rs 1 crore in the name of investment in a car scrap company.

A complaint was submitted to Police Commissioner Gurpreet Singh Bhullar who has marked a probe to the Economic Offences Wing (EOW) in this connection. The EOW has summoned both the parties to join the investigations.

Tejinder Singh, in his complaint to the police, alleged that he came in contact with the accused through another UK-based NRI Parminder Singh and his father Surjit Gill. The accused lured them to set up a scrap factory in Sonipat. He later told them about procuring land there worth Rs 27 crore for it.

Naveen Mahajan, legal counsel of the NRI, said he contacted Parminder Singh and Tejinder Singh after this and lured them to invest in the venture. Parminder Singh invested all his earnings to the tune of Rs 13.5 crore while Tejinder had invested Rs 1 crore.

Tejinder transferred the amount to the proposed firm’s bank account. However, he was left shocked when he found that the amount was credited to the personal bank accounts of Vishwajit and his family members. They later came to know that the land on which the project was to be set up was actually not registered in the name of the accused. The real owners of the land had already registered FIRs against the accused at Sonipat in this connection.

Parminder Singh also lodged a separate complaint of fraud which was under investigation by the economic offences wing, said Mahajan while adding that now a fresh complaint was filed by Tejinder Singh against the suspect.

Vishwajit, when contacted, said he was not aware of any complaint and refuted the charges against him. — TNS