PCO owner, others who made Rs 8 cr in 9 months held for running fake firm
Can one make crores dealing in ‘papad’, jam and pickle in less than a year? The answer is yes if we go by what a PCO owner Devinder Singh Teji, a resident of Beas, has done and made Rs 8 crore in just nine months, and arrested for running a fake company. All others employed by him in the company have also been arrested.punjab Updated: May 08, 2014 11:05 IST
Can one make crores dealing in ‘papad’, jam and pickle in less than a year? The answer is yes if we go by what a PCO owner Devinder Singh Teji, a resident of Beas, has done and made Rs 8 crore in just nine months, and arrested for running a fake company. All others employed by him in the company have also been arrested.
All the accused were arrested on April 20 following a complaint lodged on April 18.
Beiseds Devinder Singh Tei, managing director, a resident of Beas, the other arrested members of the gang running the fake company have been identified as Sushma, alias Saysa, who was president of the company, a resident of Sunder Nagar Pathankot, Jasbir Singh, chairman, a resident of Lidhar village of Amritsar district, Amarjeet Singh, Pardee p Singh, field officer and Sarabjit Singh.
Teji scripted his strate g y for duping illiterate people by charging Rs 200 as a membership fee. He stole an idea from a newspaper advertisement in which he had read about American-based ABN company, that offered part-time jobs to housewives and other illiterate men and women in the business of cloth stitching.
After reading the advertisement, Teji formed his own fake company (unregistered) in the name of Teji group of business company, which he claimed was a sister concern of Americanbased ABN company which would provide employment to unemployed persons.
First, Teji started taking the help of his friend Jasbir Singh, a resident of Ladhar village, who was later appointed chairman of Teji Group of business company. They were movwed from one village to the other on a motor bike. They targeted only Beas area residents initially and got an overwhelming response from the villagers and women.
The ‘company’ lured unemployed people on the pretext of providing them jobs as a daily wagers paying ` 180 per day. The company claimed that they would give them training on how to prepare ‘papad’, jam and pickle.
After Jasbir Singh, Pardeep Singh, a labourer from a brickkiln working in Beas, was recruited as a field officer. Then the company expanded its network in Punjab, Haryana, Himachal, Rajasthan and Jammu and Kashmir. Teji also hired Amarjeet Singh Bittu, who worked as a studio photographer, and took his taxi on rent. Later on, Bittu was also appointed as secretary of the company.
After that, they appointed agents and the company made networking through agents in the states. After making easy money, Teji also changed his lifestyle and star ted holding seminars in hotels and in other clubs to expand the business.
A graduate Sushma, alias Saysa, approached Teji, who hired her as an agent. But as Saysa could speak good English, Teji appointed her as president of the company and made her 49% share holder in the company. CIA in-charge Palwinder Singh said that they have questioned him thoroughly and got to know about his networking in other states.