Stock Guru Scam: Bank drafts of Rs. 20 cr, spy equipment seized
Highly expensive watches which could be used for video recording, fancy SUVs, toy pistols, spy equipment and bank drafts worth nearly Rs. 20 crore have been seized from the 'Stock Guru Scam' couple.delhi Updated: Nov 27, 2012 17:06 IST
Highly expensive watches which could be used for video recording, fancy SUVs, toy pistols, spy equipment and bank drafts worth nearly Rs. 20 crore have been seized from the 'Stock Guru Scam' couple.
With the recent recovery from Ratnagiri and Mumbai in Maharashtra, Delhi Police have so far attached properties and seized articles worth Rs. 83 crore from the couple alleged to have committed a fraud of Rs. 500 crore by cheating over two lakh people by luring them to invest in their firm promising high returns.
Ulhas Prabhakar Khaire (33) and his 30-year-old wife Raksha J Urs were arrested from Ratnagiri earlier this month and police had recovered 12 properties -- including eight flats in Dwarka in Delhi, and luxury vehicles worth over 60 crores.
"After their arrest and interrogation, we have recovered bank drafts worth Rs. 19.96 crore and a land which they had bought. We have also seized high-valued watches and seven vehicles from their possession from Ratnagiri," Sandeep Goel, Joint Commissioner of Police, Economic Offences Wing, Crime Branch, told a press conference here today.
He said Khaire and Urs had cheated several people in Ratnagiri as well by launching four new companies that dealt with various trade, including training people to get into the tinsel world.
"They had offices there and we could recover a lot of items like 20 contact lens which he used to cheat various people by changing his looks. We also found spy cameras, mobile jammers and other equipment from his properties and rented premises," he said.
Goel said the couple had finalised the script and director for producing a Marathi movie and had advertised that they would train actors and actresses.
While Urs has been sent to judicial custody, Khaire has been granted another 10 days in police custody by the court on November 24.
Khaire and Urs promised 20% returns every month for a period of six months on the principal amount and also lured the investors by saying their original amount will be returned in the seventh month--all through prudent and source-based investments in share markets.
The senior official said the couple used to roam around in Ratnagiri in an expensive car with a fake VIP number 0001 and that the vehicle has been recovered.
Goel said the couple was active for the past one year in Delhi and Ratnagiri and ran away from the capital in February this year with investors' money.
Some of the other items that were recovered from the couple's possession are 18 PAN cards, currency counting machine, printing machine, passports, debit, ATM and credit cards of various banks, cheque books, fancy mobile phones and fake guns.