The Delhi police have apprehended a director of a private infrastructure firm for allegedly defrauding over 30 investors of approximately ₹2.3 crores under the guise of a residential project in Rajasthan. This information was disclosed by an official on Thursday.
According to police reports, the accused, Yogesh Sharma, is a resident of Noida and serves as the director of 'Messrs Big Bull Infrastructure Private Limited,' which was captured in Noida. He had been declared a fugitive by a Delhi court last year for failing to appear in a fraud case.
Deputy Commissioner of Police for the Economic Offences Wing (EOW), Ravi Kumar Singh, stated, 'Sharma and his associates launched a residential project named Big Bull Aashiyana on the Jaipur-Delhi highway in Chandsvaji, luring investors with promises of substantial profits and guaranteed plots.'
After amassing millions, the accused reportedly shut down his office and went into hiding, frequently changing his office location to evade investors and law enforcement.
The official noted that multiple FIRs related to fraud, forgery, and criminal breach of trust have been filed against Sharma in Delhi, Jaipur, and Noida. These include cases from the Paniyala police station in Jaipur, Sector-20 police station in Noida, and Rajouri Garden police station in Delhi.
Charges of fraud, criminal breach of trust, and forgery have been filed against Sharma. The police are currently working to identify additional victims and investigate the financial transactions involved.
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