Money Laundering Racket Busted, 4 Arrested

Money Laundering Racket Busted, 4 Arrested

Surajpol Police has arrested four people for an alleged money laundering racket which is estimated to be in crores of rupees. The accused were operating from a small room located at Udaipol area since long and laundered money on interest to more than 500 people.

 

Money Laundering Racket Busted, 4 ArrestedSurajpol Police has arrested four people for an alleged money laundering racket which is estimated to be in crores of rupees. The accused were operating from a small room located at Udaipol area since long and laundered money on interest to more than 500 people.

The accused, Balram Oja s/o Satyanarayan Oja (31) and Balwant Oja (24) are residents of Raipur, Bhilwara, while Mohammad Salim Ansari s/o Dilbar ansari (42) is a resident of UIT colony, Madri and Mahendra Mali s/o Mangilal Mali (27) resides at new Ashok nagar, Udaipur.

The arrest was made today when 3 of the many victims, Kishore, Naveen and Kamlesh lodged a complaint at Surajpol Police Station after which police has raided the office at Udiapol and arrested four people and seized the office.

Hundreds of blank cheques, stamp papers, bank passbooks, entry registers and identity proofs of potential victims were found from the place.

According to Police, the alleged fraudsters used to give money on interest and get blank cheques, etc. from their client as a security; but even after returning the whole amount with interest rate they kept on demanding more money claiming that their account was not clear and threatened their clients to take action against them.

One of the victims, Kishore, who took Rs. 20,000 on 10% interest per day was asked to give interest of 1.5 lakh rupees even though Kishore has claimed to have cleared all of his debts.

Sobhagya Singh, SHO Surajpol Police said that the case could be worse as the registers which were found in the raid has more than 500 unnamed entries and gives an indication of a bigger monetary offense. A case of fraud and fake dealing has been registered against all four and thorough investigation is going on, said the officer.

reporting by Sayeed Ahmed

To join us on Facebook Click Here and Subscribe to UdaipurTimes Broadcast channels on   GoogleNews |  Telegram |  Signal