CHANDIGARH: The economics offences wing (EOW) of the UT police booked a man and his wife for allegedly duping the owner of a Manimajra-based company of Rs 3.66 crore on the pretext of share trading.
Satya Dev Saimwal, director, Panchkula Finvest Private Limited, NAC, Manimajra, alleged Ramesh Arora and Suman Arora, both directors of Altruistic Trading Private Limited and KSBL Securities Limited, Ghaziabad (UP), and one more person visited his office in July 2019.
They represented themselves as SEBI registered share brokers. Later, an agreement was executed between them that the accused were experts in enhancing the valuation of investments and provide services to the complainant.
The accused allegedly transferred shares of the company in their favour and sold them without disclosing to the complainant, causing him a loss of Rs 3.66 crore.
The accused issued cheques which were later dishonoured by a bank. The complainant filed a complaint at the SSP window.
