NEW DELHI: Delhi Police’s Economic Offences Wing has arrested a Bengaluru-based man for allegedly duping a city businessman of over Rs 10 crore on the pretext of selling him a radioactive plate.
The plate will fetch around Rs 500 crore in the international market, the victim was told. The arrested man has been identified as Atheeq Ahmad.
The police had started an investigation after receiving a complaint from a businessman based in East of Kailash of southeast Delhi. In his complaint, the victim alleged that a gang of 22 people, including Ahmad, had cheated him of Rs 10.6 crore between March 2016 and September 2018 in order to facilitate procurement and sale of the radioactive article.
“The victim was induced to invest for facilitation of this deal on the assurance of profit of Rs 500 crore. The cheated amount was taken by accused people through bank transfer, cheques and cash in several tranches,” additional CP RK Singh said.
After a preliminary inquiry, an FIR was registered and a team formed to investigate. Based on further probe, a team led by DCP Mohammad Ali arrested Ahmad from Bengaluru. Investigation to nab other co-accused of the case is in progress, police said.
