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BAGPAT: Police have booked seven individuals, including an employee of Delhi’s Karkardooma Court, for allegedly defrauding a local businessman of nearly Rs 31 lakh under the guise of an investment in an e-store venture. The case was registered at Bagpat Kotwali police station following directives issued by a local court. The complainant, Devendra Kumar, who operates Bhagatji Sweets in Agarwal Mandi Tatiri, stated that he was induced to invest in the venture with the assurance of substantial and consistent monthly earnings, which never materialised.
Assured Monthly Returns of Rs 1 Lakh Promised on Capital
According to the complaint filed by Kumar, the events date back to 2022 when Karmveer Singh, an employee posted at Delhi’s Karkardooma Court, approached him with a business proposition concerning an e-store firm. Singh reportedly convinced the trader that the enterprise was commercially robust and would deliver a stable monthly return of Rs 1 lakh against a capital commitment of Rs 25 lakh. Singh subsequently introduced Kumar to several associates connected with the firm, after which an outlet was established on the premises of the complainant’s commercial establishment. Placing trust in the representations made by the group, the trader committed roughly Rs 25.77 lakh into the venture, expecting regular monthly dividends while anticipating that his principal capital would remain intact.
Commercial Goods Removed and Capital Withheld
The arrangement encountered severe disruptions the following year. Kumar stated that in 2023, Singh along with other individuals affiliated with the company arrived at the premises, cleared out the inventory and operational machinery, and departed without explanation. The promised monthly returns ceased, and the initial capital was not refunded, effectively terminating the business partnership overnight. Kumar alleged that his cumulative financial loss climbed to nearly Rs 31 lakh when factoring in the core investment, unpaid commercial property rent, pending electricity charges, and ancillary overheads. When the businessman repeatedly sought the recovery of his outstanding funds, the accused persons refused to settle the dues and reportedly issued threats against him, prompting him to seek judicial intervention through the court.
Police Register Case and Begin Scrutiny of Financial Transactions
Acting on the court order, Bagpat Kotwali police registered a case against the accused persons and commenced a formal probe into the matter. The individuals named in the police complaint include Karmveer Singh, Ajay Verma, Nitin, Deepak Dahiya, and Sachin Rana, all residents of Agarwal Mandi Tatiri. Investigators have also named Mukesh Tyagi, who was linked to the firm’s Bagpat branch, Mohammad Faizan, a resident of Sector 6 in Noida, and Shamshad, a resident of Gautam Buddha Nagar. The station in-charge confirmed that officers are examining bank statements, transaction histories, the actual operations of the e-store firm, and the movement of equipment from the premises. Police officials noted that further legal steps will depend on the documentary and material evidence gathered during the ongoing inquiry.
