Man arrested in Rs 200 cr fraud
24 Dec 2013 4:40 AM IST
The economic offences wing (EoW) of crime branch said the accused, Vijay Dixit, was arrested from a farmhouse here and he was wanted in around 30 pending cases of cheating and cheque bounce. Dixit, aged around 60, was avoiding arrest since long and was also declared as proclaimed offender in around 12 cases, the police said, adding, he used his age and skills to dupe many investors.
‘Vijay Dixit had floated a number of companies including M/s Senior Builders Ltd and M/s Senior Power Projects Ltd. He projected himself as a builder, developer as well as financial advisor having membership of Multi Commodity Exchange (MCX),’ Praveer Ranjan, joint commissioner of police of Economic Offences Wing (EoW), said.
The police also alleged that Dixit not only cheated the investors by promising high returns on their investments in real estate projects but also cheated many firms by entering into memorandum of understanding with them for development of various entertainment facilities.
It also alleged that Dixit duped investors on the pretext of launching, developing residential plots, property and also commercial properties.
Dixit was also wanted in around five cases lodged against him here while 20 cheque bounce cases under the Negotiable Instruments Act are also pending against him, the police said.
‘Vijay Dixit had floated a number of companies including M/s Senior Builders Ltd and M/s Senior Power Projects Ltd. He projected himself as a builder, developer as well as financial advisor having membership of Multi Commodity Exchange (MCX),’ Praveer Ranjan, joint commissioner of police of Economic Offences Wing (EoW), said.
The police also alleged that Dixit not only cheated the investors by promising high returns on their investments in real estate projects but also cheated many firms by entering into memorandum of understanding with them for development of various entertainment facilities.
It also alleged that Dixit duped investors on the pretext of launching, developing residential plots, property and also commercial properties.
Dixit was also wanted in around five cases lodged against him here while 20 cheque bounce cases under the Negotiable Instruments Act are also pending against him, the police said.
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