Detained Delhi duo made deals worth Rs 150 crore
“Our investigation revealed that Sartaz and his son would buy the shell companies from the Kerala-based company and then use them to transfer the money collected from the victims to the masterminds,” the cop added.
Cops recovered 40 SIM cards from the arrested duo which were linked to multiple bank accounts. Representation photo
Interrogation of the father-son duo arrested from delhi on July 15 in a loan application case prompted the Andheri GRP to forensically audit several bank accounts which revealed transactions to the tune of Rs 150 crore. An officer familiar with the investigation said midday he had recovered 40 SIM cards from the duo – fashion designer Mohammad Sartaj Aalam Yasin, 45, and his son Shoeb Iqbal Aalam, 25. “These 40 SIM cards were linked to several bank accounts. We investigated the transaction details of these accounts and found records of money to the tune of a whopping Rs 150 crore,” the officer said.
The officer added that one of those accounts, which was used in the case they were investigating the fraud of a 35-year-old man after taking out a loan from the Rich Cash app, had transacted from Rs 20 crore. “We were shocked to see the transaction details of this bank account,” the officer added. “Our investigation revealed that Sartaz and his son would buy the shell companies from the Kerala-based company and then use them to transfer the money collected from the victims to the masterminds,” the cop added.
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The Kerala-based company, according to cops, is run by two elderly people who were given notices. “Company goons were calling people across India asking them to open digital businesses and then sell them to them for money,” he added. The shell company investigation then led the cops to a bank clerk and two company secretaries from Pune. “We arrested a bank employee named Pushkar Panse, 30, and two company secretaries – Goraksh Rakh, 30, and Rakesh Sundesha, 37,” a policeman said.
The Andheri GRP officer added, “These three defendants would set up shell companies and then sell them to the Kerala-based company.” Deputy Police Commissioner Sandeep Bhajibhakhare said: “This is a very big case so we have formed several teams of 15 people. Each member of staff has been given a different responsibility. “The deeper we dig into the case, the more gloomy details emerge,” Bhajibhakhare said at midday.