Dated 19.01.

2012

PRESS RELEASE CENTRAL DISTRICT

FRAUDSTERS WHO DUPED PUBLIC OF THEIR HARD EARNED MONEY ARRESTED

(MANY INVESTORS CHEATED ON THE PRETEXT OF UNEXPECTED HIGH RETURN ON

INVESTMENT)

With the arrest of Mahesh Kant Maheshwari @ Rajeev Sharma @ Jonny, aged 32 years s/o Shrikant
Maheswari r/o H.No. 801, Block –H, Village Amarpali, Indrapuram, U.P., (2) Manoj Kumar, aged 42 years s/o
Lt. Sh. Krishan Kumar r/o H. No. 801, Block -H, Village Amarpali, Indrapuram, U.P. and (3) Surender
Choudhary @ Bugalia, aged 43 years s/o Rameshwar r/o VPO- Bogala, Teh- Nawal Garh, District Jhunjhunu,
Rajasthan, Central District has busted a gang of fraudsters who used to open different companies to cheat
gullible public.

INCIDENT

One Sh. Praveen of Tis Hazari Courts, Delhi had reported that a person by name of Mahesh Kant
Maheshwari came to him and introduced himself as an eminent & prestigious businessman. Slowly, he
developed a sound & close working relationship with him and won his trust. He also introduced his business
partners namely Surender Choudhary and Manoj Kumar. They advised him to invest money in their firm M/s
MoneyLeaf.Net which was into a number of businesses like trading, sale & purchase of commodities &
shares, export-import trading and merchandize of gems, jewels & precious stones etc. and running various
investment schemes acting as a banker in the form of NBFC as per RBI guidelines. They assured the
complainant a handsome return on the investment. On this, the complainant made an investment of Rs. 50
Lacs in installments. Initially, the complainant was given monthly 20% interest on invested money, but later,
company stopped giving interest on invested money. Thereafter, the complainant visited the office of
company M/s MoneyLeaf.Net at 8A/37, Channa Market, Karol Bagh, Delhi. They assured him that there is
some banking/financial problem with the company, which would be resolved within few days. In the month of
March and April, when complainant visited the office at Karol Bagh, it was found locked. The complainant
came to know that there are many cases of NI Act pending against the Directors in various courts. On his
written complaint, a case vide FIR No. 08/11 u/s 420/406/506/34 IPC was registered at PS Karol Bagh and
investigation was taken up.

TEAM:-

A team consisting of Inspr. Ram Mehar Singh, SHO/Karol Bagh, Insp. A.T.O Brijesh Mishra, SI
Naresh Kumar, HC Ramesh Chand, No 5509/C, HC Dharambir Singh, No. 696/C and HC Ravinder Kumar,
No. 531/C was constituted under the close supervision of ACP/ Karol Bagh Sh. S. Saravanan.

INVESTIGATION:- During course of investigation, efforts were made to trace the accused persons through
technical surveillance and developing criminal intelligence. During investigation, it was reliably learnt that the
accused persons were operating from the area of Laxmi Nagar and Lajpat Nagar. The information was further
developed and it was found that accused persons were running such companies in the name of Royal Target
and Desire India from Laxmi Nagar and Lajpat Nagar respectively. The team ascertained the addresses and
raids were conducted at these addresses, but the raids were unsuccessful as the accused by that time had
already left their offices. Further, it was learnt that due to police pressure, the accused persons had shifted
their offices to Noida but exact address could not be ascertained. Later on, after lot of hard and sustained
work, the accused persons namely Mahesh Kant Maheshwari and Manoj Kumar were apprehended from
Village Amarpali, Indrapuram, (U.P.).

During interrogation, they disclosed about their accomplice namely Surender Choudhary. Accused
Surender Choudhary was also apprehended by the police from K-5/11, IInd Floor, Sector 6, LIC Flats, Vidya
Dhar Nagar, Jaipur, Rajasthan, in a swift raid.

Further investigation / interrogation is in progress

MODUS OPERANDI:-

The accused used to hire local agents/promoters, who used to lure the public to invest in the company
and as per the invested money, the agents/promoters used to get a sizable amount of share. After few months,
when a huge amount was collected, the directors used to close the firm and shift their base to neighboring
states/NCR. They had lured the investors from Madhya Pradesh, Rajasthan and Punjab, also. Initially, they
used to give sizable return to the investor to gain the confidence of the public so that they could attract other
investors and thereafter close the firm and shift their base.

PROFILE

Mahesh Kant Maheshwari @ Rajeev Sharma @ Jonny, aged 32 years s/o Shrikant Maheswari r/o H. No.
801, Block –H, Village Amarpali, Indrapuram, U.P. He is a Graduate and belongs to a middle class family. He
has good command on English. He used to project himself as the Boss of the company. Previously, he was
arrested by the U.P. Police in case FIR Nos. 238/10 u/s 420 IPC and 305/10 u/s 420/467/468/406/506/471
IPC. Apart from this, there are many cases under section 138 NI Act registered against the accused persons in
neighbouring states.

Manoj Kumar s/o Lt. Sh. Krishan Kumar r/o H. No. 801, Block -H, Village Amarpali, Indrapuram,
U.P. He has done M.A.in political science. He used to bring small investors from rural background.

Surender Choudhary @ Bugalia s/o Rameshwar r/o VPO- Bogala, Teh- Nawal Garh, Distt. Jhunjhunu,
Rajasthan. He used to lure the investors from Gujrat and Maharashtra.

(DEVESH CHANDRA SRIVASTVA), IPS

ADDL. COMMISSIONER OF POLICE,

CENTRAL DISTRICT, DELHI.