PANAJI: The Economic Offences Cell (EOC) of Goa police arrested Haryana native Vijay Kumar Jaiswal alias Krishan Kumar, managing director of Yudivo Private Limited for allegedly duping 2,000 investors to the tune of Rs three crore on the pretext of assuring high returns.
Elaborating on Jaiswal's modus operandi, superintendent of police (SP) crime branch Nidhin Valsan said that the accused used to sell certain products to customers and tell them that when they sell those items, they will earn more money.
Valsan said that Jaiswal had set up offices at Sangam Vihar, New Delhi and Noida, Uttar Pradesh, and also had an office at the Eastern bypass, Fatorda, Margao.
"Jaiswal, along with nine others, with their common intention, promised various schemes to investors and committed cheating, fraud, criminal breach of trust, misappropriation of amount by conspiracy," Valsan said.
