GREATER NOIDA: A man, who was on the run for the past three years, has been arrested for allegedly cheating over 15,000 people of Rs 150 crore in a scam similar to the infamous Bike Bot. The accused, police said, would lure potential investors across Delhi-NCR for his electric taxi aggregator business by promising them double returns in 12 months flat.
Kunal Sain floated KDM Enterprises in 2019 and came out with a scheme named ‘Go Way India’ to lure investors with the promise of doubling their investments within a year. It asked potential targets to invest a minimum of Rs 62,000 for a bike or four-wheeler electric taxi, and assured them monthly returns apart from doubling the investment — a con trick that bears a stark resemblance to the multi-crore ‘Bike Bot’ scam.
