Police from the Sarnath police station area of Gorakhpur have arrested three accused, including a couple, from Eden Apartment in Gangapur, Nashik, Maharashtra, on charges of financial fraud. It is alleged that they defrauded people of approximately ₹20 crore by weaving a web of fake companies and luring them with the promise of "tripling their money in one year."
According to the police, the main accused, Upendra Nath Jaiswar (alias Rajendra Jaiswar), took investments from people by forming a fake trading company named "DD Finance Services."
A seminar was organized in 2022, which included investors from Deoria, Kushinagar, Jaunpur, and Gorakhpur.
It has been reported that they trapped approximately 500 people and collected around ₹20 crore. Fake seals, chequebooks, passbooks, PAN cards, and other items were recovered from the arrested accused. More than 10 prosecution cases are already registered against them in Gorakhpur.
The police stated that they succeeded in apprehending them by tracking the IMEI numbers of their mobile phones.
