EndMark scam: Police groping in the dark
A week after the multi-crore EndMark Forex fraud came to light, Noida police, continued to grope in the dark as far as the case progress is concerned. Darpan Singh reports.delhi Updated: Jan 17, 2011 00:03 IST
A week after the multi-crore EndMark Forex fraud came to light, Noida police, continued to grope in the dark as far as the case progress is concerned. They have concluded that the firm’s director and prime accused, Mayank Gupta, is an expert of business administration, possibly a pass-out of a reputed MBA institute.
The police are now circulating his photographs, the only piece of evidence found so far, among people associated with such institutions, hoping his teachers or batchmates may provide some leads. Last Monday, EndMark Forex, providing foreign exchange trading services, shut shop in Noida’s Sector 62 and fled having duped hundreds of investors.
Senior superintendent of police (SSP) Amitabh Yash said, “Going by how he managed his financial system, bank transactions and overall company functions, we have zeroed in on a possible MBA link. We’re in the process of making overtures, hopefully, to right people and right places.”
The SSP said that Gupta’s identities were fake, so circulating of his pictures might help. There still is no information on his school, college, wife, kids, parents or their occupation. Now, there is a new twist in the tale. Police suspect looking for Mayank Gupta could well be futile.
“He has fudged every single detail associated with him. It’s possible there is no Mayank Gupta at all; the name could well be a ploy to mislead police,” said deputy superintendent of police (DSP) VC Tripathi.
“Keeping this in mind, we have collected fingerprint samples from his office in Sector 62. He can change his identities or name, but such scientific evidence will ultimately help us nail him,” the DSP said.