Noida: The CBI has submitted a pine player in connection with RS 42,000 Crore Bot Bot Scam against Sanjay Bhati, Head of Managing Director of Garvit Innovators Private Limited who floated the bicycle taxi scheme, and 13 others.
In December 2019 that the government had recommended that the investigation in 11 cases nested in the Dadri police station was handed over to the CBI.
Gazette notification for CBI to start investigations in these cases, however, was issued only in September this year.
Wing Economic Wing (EOW) and the Enforcement Directorate (ED) also investigated the corner of money laundering in the skame.
Apart from Bhati, the other named in Fir is the Director of the Company Rajesh Bhardwaj, the manager of HR Anand Patel, and Sanjay’s wife and other director Deepti Behl, among others.
FIR has been submitted under the IPC 323 section (voluntarily causing injury), 406 (criminal violations of trust), 409 (criminal violations of trust by civil servants, or by bankers, traders, or agents), 468 (forgery), 468 (forgery) For cheating purposes), 506 (criminal intimidation) and other parts of the IPC.
FIR states that Bhati and the others have deceived investors from all over the country around Rs 15,000 Crore.
“The defendant has floated a very profitable investment plan with the guise of a bicycle-taxi service with the name Bot Bot, where a customer can invest in one, three, five or seven bicycles, which will be maintained and operated by the company.
Investors will be paid for a monthly rent, EMI and bonus (in terms of investment in several bicycles) and further incentives to add additional investors in binary structures.
The company also gave a franchiseee in various cities but bicycles and taxis almost did not operate in these cities, “he said.
26 people have been arrested in connection with cases by various investigators, including police Noida and EOW.
However, two accused currently comes out with a guarantee.
The other four cannot be traced.
Munna Baliyan, who pioneered the fight against fraud, said four accused of being unravel was deepti BEH, Vijendra Hooda, Bedsev and Lokendra.