The Bengaluru city police recently arrested two men in connection with a multi-crore fraud in which customers were allegedly cheated under the pretext of purchasing electric bikes through a promotional scheme.
The accused have been identified as Rakesh, 35, and Hanumantharaju Bilker, 40.
According to the police, the duo allegedly lured customers by claiming to offer around 3,250 electric bikes under a special promotional scheme.
A bike said to be worth around Rs 1.5 lakh was reportedly offered to customers for Rs 35,000.
Investigators said the accused collected an initial deposit of Rs 20,000 from customers and obtained their personal documents.
“Using these documents, they allegedly availed loans of around Rs 1.5 lakh in the customers’ names from a private bank and misappropriated the funds,” a police officer said.
The alleged scam was operated through EV showrooms named Aapki EV and Bilker EV, run by Ramesh and Bilker, respectively.
The police have also raised suspicions about the possible involvement of a bank manager who may have facilitated the loans.
Cases have been registered at the Bagalagunte and Peenya police stations, and further investigation is underway to determine the full extent of the fraud.
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Source: This article was originally published by The Indian Express
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