Man who fleeced many falls to death from third floor | delhi | Hindustan Times
Today in New Delhi, India
Mar 27, 2017-Monday
New Delhi
  • Humidity
  • Wind

Man who fleeced many falls to death from third floor

delhi Updated: Feb 24, 2011 01:26 IST
HT Correspondent

He allegedly fleeced hundreds of people out of their hard-earned money. He survived being almost lynched by them and getting prosecuted by the police but finally it was fall from the third floor of his office.

Subhash Aggarwal was accused of cheating over 1,000 people of crores of rupees was found dead in mysterious circumstances outside his office with police suspecting that he jumped from the building.

The incident happened on Tuesday afternoon.

One of his victims had even committed suicide after Aggarwal allegedly duped him off his money.

The incident took place in Aman Vihar. Aggarwal was the Managing Director of Stop Loss Commodity Limited.

"He had left his home yesterday morning saying he had a meeting with someone. However, around noon he was found lying in a pool of blood outside his office,” said a senior police officer on the condition of anonymity, as he is not authorised to speak to the media.

“Aggarwal was rushed to a nearby hospital from where he was referred to Maharaja Agrasen Hospital. He died on way to Agrasen Hospital," the officer added.

The police said that it appeared that Aggarwal might have committed suicide but police are investigating the case from all possible angles.

Aggarwal and his wife were arrested in June 2009 for allegedly duping a large number of people of crores of rupees after promising them enhanced returns for their investments.

The Economic Offences Wing (EOW) was investigating complaints against him.

He allegedly lured people into investing Rs 10,000 for which he promised Rs 1,000 as interest every month.

In June 2009, when Aggarwal's fraud came to light, one of his victim's — 25-year-old Ashok Gupta — had consumed poison at his Aman Vihar house in northwest Delhi.

It was believed that Aggarwal accumulated around Rs 500 crore to Rs 1,000 crore from investors across the Capital.
He had managed to get bail earlier this month and had been residing with his family.