More cars tumble out of fraud firm’s cupboard | lucknow | Hindustan Times
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More cars tumble out of fraud firm’s cupboard

Fraud count of the investment company V Care Multi-Trade Private Limited, has shot up further with 34 cars, HT reports.

lucknow Updated: Sep 14, 2012 11:55 IST
HT Correspondent

Fraud count of the investment company V Care Multi-Trade Private Limited, has shot up further with 34 cars.

Another car agency, Tanya Motors on Shahnajaf Road, has registered a fresh FIR against four persons associated with the fraud company with Hazratganj police on Wednesday.

The agency’s senior executive Sumit Rastogi alleged that the company in question didn’t make payment of 34 cars (Alto, WagonR and Ritz) worth Rs. 90.32 lakh.

He alleged, “We came to know about the fraud when the cheques issued by the company authorities bounced after taking delivery of 34 cars.”

The company distributed these cars as gifts to its prospective investors from different places.

He said the investment company authorities initially built their credibility by making frequent payments when they purchased cars three times earlier.

He said, “The company earlier purchased 17 cars, following which we agreed to make them the delivery of 34 cars without getting the cheques cleared” and added, “The company had distributed these cars to different persons and now they are approaching us for the registration. The vehicles’ registration formalities have been stopped, as the payment is due.”

Four persons including the company owners Gurjeet Singh and his wife Madhumita Kaur have been named in the FIR registered by Rastogi.

Two other persons named in the FIR are company authorities Bajrangi Mittal and Prem Prakash Singh.

The couple is already in jail after they were arrested on August 30 in connection with the fraud case lodged by the investors.

The company investors lodged the FIR against the company owner with Krishna Nagar police station in July last week.