Categories: India

Bengaluru conman arrested for duping Delhi trader of Rs 10 crore with ‘radioactive plate’ offer

<p>
A Bengaluru conman has been arrested for allegedly duping a Delhi businessman of over Rs 10 crore on the pretext of selling a “radioactive plate” that would fetch a profit of Rs 500 crore in the international market.</p>
<p>
The accused has been identified as Atheeq Ahmad, a resident of Bengaluru.</p>
<p>
According to the police, Sanjay Taneja, who runs a paint and hardware shop in Delhi’s East of Kailash colony, complained that a gang of 22 people, including Ahmad, had cheated him of Rs 10.63 crore between March 2016 and September 2018 to facilitate the sale of the “radioactive plate,” which was purportedly approved by the Defence Research and Development Organisation.</p>
<p>
Additional Commissioner of Police (Economic Offences Wing) R.K. Singh said the victim, through this deal, was assured of a profit of Rs 500 crore.</p>
<p>
“The money was taken through bank transfers, cheques and cash. The bank statements were analysed and it was found that the money had gone into the account of M/s Barclays Metal World. This was shown as a U.K.-based foreign company and a prospective buyer of radioactive material,” the officer said.</p>
<p>
The accused continued to delay the sale on the pretext of testing the material and kept on receiving money from the complainant towards its maintenance in various companies including M/s Barclays Metal World run by them, the police said.</p>
<p>
On verification, M/s Barclays Metal World was found to be dealing in metal scrap and was owned by Ahmad.</p>
<p>
The police said that another accused Bhawani Singh Shekhawat had also been arrested and further investigations were being carried out to apprehend the other culprits.</p>

IN Bureau

Recent Posts

India-UK FTA will propel bilateral trade, strengthen supply chains: Jaishankar during meeting with UK Foreign Secretary

Noting that the recent conclusion of the India-UK FTA and the Double Contribution Convention is…

10 hours ago

“Strengthening early warning systems, coordination is crucial”, says PM Modi addressing ICDRI

Highlighting the significance of strengthening early warning systems to mitigate risks from disasters, Prime Minister…

11 hours ago

Centre raises financial threshold for procurement of scientific equipment, consumables

The Central government has raised financial limits under the General Financial Rules (GFRs) for procurement…

12 hours ago

Would be my pleasure to welcome PM Modi for G7: Former Canada MP Chandra Arya calls India “indispensable partner”

Former Member of Parliament of Canada, Chandra Arya, has said it would be his pleasure…

14 hours ago

UK Foreign Secretary Lammy to meet PM Modi; to discuss bilateral economic and migration partnership

UK Foreign Secretary David Lammy will meet with Prime Minister Narendra Modi on his second…

14 hours ago

“We can control any situation”: Gujarat Health Minister calls Omicron ‘not serious’, says all arrangements in place

Gujarat Health Minister Rushikesh Patel on Saturday noted that the state is fully prepared for…

15 hours ago