New Delhi, May 15: The master mind of mega fraud and managing director of JVG group, Vijay Kumar Sharma has been arrested near Kailash Colony Metro station on Monday. He was offender for cheating over one lakh investors of Rs 1,000 crore, police said on Tuesday. It iwas the same group which promised to double or treble money of investers, but declared bankruptcy and closed down in 1997.
Vijay Kumar Sharma was a proclaimed offender and Delhi Police had announced a cash reward of Rs 1 lakh for information leading to his arrest.
The additional commissioner of police (crime and railways), Mr Ravindra Kumar said,“He floated over 17 companies with branches all over the country and duped people. He kept changing appearance to avoid easy identification and most of the time, he used to stay in hotels and guest houses in small towns. He also frequently changed his mobile phones, SIM cards and cars to hoodwink investigating agencies.”
While on the run from the police, Vijay frequently changed his hideouts in Delhi, Uttar Pradesh, Uttarakhand, Rajasthan and Maharashtra and avoided train and air journey, preferring to travel by road.
The count down of Vijay’s run ends over an input received by the anti-extortion cell of crime branch that he was frequently changing his location in Mumbai, Agra and Delhi. Acting on the specific input, a trap was laid near Kailash Colony Metro station on Monday. “He tried to flee on noticing a police team, but was apprehended around 5:30 pm near Bhairon Road,” Yadav said. Vijay told police about his involvement in several cases of cheating amounting to Rs 1,000 crore.
Bureau Report
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