EndMark manager held, main accused still at large

The Sector 58 police on Sunday arrested Ravinder Singh, one of the accused in the Endmark Forex scam. Kapil Datta and Darpan Singh report.
HT Image
HT Image
Updated on Jan 25, 2011 01:15 AM IST
Copy Link
Hindustan Times | ByKapil Datta and Darpan Singh, Noida

The Sector 58 police on Sunday arrested Ravinder Singh, one of the accused in the Endmark Forex scam. His laptop has been confiscated to scan data.

Main accused Mayank Gupta, however, is still not traceable. The firm was also allegedly conducting research for companies and running an academy to give training in foreign investments.

“EndMark Forex manager Ravinder Singh, son of Kadam Singh and a resident of Ranipur in Haridwar, was arrested from Sector 63 area on Sunday. He was an accused in the FIR. In the report, besides director Mayank Gupta and Dipanshu Anand, employees Ravinder Singh, Neha Chauhan, Archana and others were also named. Ravinder has been accused of brainwashing investors to invest in the company’s schemes,” said HN Singh, superintendent of police.

“Investigations revealed that Ravinder’s father had attracted more than 200 investors who had invested lakhs of rupees. They were mostly from Haridwar and surrounding areas. They included businessmen, executives and even farmers,” said Singh.

“From Ravinder and other employees, we have got some clues about the main accused Mayank Gupta. Some documents have been recovered from him which will help us in the probe.”

On January 10, the scam was detected when some investors filed an FIR at the Sector 58 police station.

Victims claimed that the firm offered them investment returns at the rate 1% per day. Initially, they did get returns and they invested more money. In January, the company raised the return to 1.5% per day. This allured more investors.

But on January 9, the firm shut shop. “Till date around 125 investors have lodged an FIR at the Sector 58 police station,” said Singh.

SHARE THIS ARTICLE ON
Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • Villagers assembled in Beli village in Dudhwa buffer zone where a big cat killed a youth. (HT photo)

    Tiger kills 30-year-old man in UP’s Lakhimpur Kheri; 3rd incident in June

    A stray tiger killed a 30-year-old man in UP's Lakhimpur Kheri. This was the third human killing since June 18 and fifth since May 21. The incident happened on Sunday night in Narendranagar Beli village close to Manjhra Purab forests under Dudhwa buffer zone, about 12 km away from Khairatiya in Tikunia Kotwali limits. The man, identified as Nagendra Singh was mauled by the tiger late on Sunday night.

  • A screengrab of the viral video (ANI)

    JCB machine rescues elephant from a ditch in Jharkhand's Ramgarh | Watch

    District administration in Jharkhand's Ramgarh was forced to call for an excavator to rescue an elephant that fell into a well. According to Dainik Bhaskar, the incident took place late night on Saturday in Ramgarh's Tandil Bisa village. The elephant, which was a part of a herd, got separated from the group and fell into a well. The report further stated that the herd was being followed by a forest department team.

  • The red line has 29 stations that runs from Rithala to Shaheed Sthal with a total distance of 34.55 km (Sakib Ali /Hindustan Times)

    Delhi Metro services on Red Line hit, commuters stranded

    Delhi Metro services on the busy red line were hit on Monday morning leaving large number of commuters stranded in the early morning hours. “Delay in services is being observed between Inderlok and Pitampura on red line.“ The red line has 29 stations that runs from Rithala to Shaheed Sthal with a total distance of 34.55 km,” DMRC said in a statement. Another commuter, Gaurav Gautam, said the Red Line wasn't working properly.

  • Adani Power, which has a contract with the Haryana government since 2008 for supplying 1,424MW electricity from its Mundra power project at a tariff of <span class='webrupee'>₹</span>2.94 per unit for 25 years, has consistently defaulted on supplying power for the last several months. (Representative photo)

    Haryana cabinet to take call on signing supplementary PPA with Adani today

    The Haryana cabinet will on Monday morning take a call on inking a supplementary power purchase agreement with Adani Power Ltd for supply of about 1,200 MW power generated from domestic coal at the agreed tariff of 2.94 per unit. Also read: Singers from Haryana join race to counter Moose Wala's SYL song A proposal in this regard will be tabled before the cabinet when it meets at 11am.

  • Bahujan Samaj Party chief Mayawati.

    How Mayawati's BSP may have played a key role in BJP winning Rampur, Azamgarh

    The Bharatiya Janata Party wrested Rampur and Azamgarh from the Samajwadi Party in the Lok Sabha bypolls on Sunday. The defeat in the two bastions meant that Akhilesh Yadav's party is now reduced to just three seats in the Lok Sabha. However, the Mayawati-led Bahujan Samaj Party might have played a role in the saffron party's win in the two Samajwadi bastions, Hindustan Times' sister publication Live Hindustan reported.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, June 27, 2022