In an investigation done by Delhi police an accused name Piyush Tiwari got detained in charge of fraudity of more than Rs 1000 crore and his house was seized by the IT Department confiscating around 120 Crore.
Digital Desk: The
North District Police of Delhi has nabbed a hoodlum accused of committing a Rs 1,000 crore fraud. To avoid being arrested, the accused Piyush Tiwari allegedly disguised himself and changed his identity and address. After a Nashik court labelled him a fugitive, the accused was living in Nashik as Puneet Bhardwaj.
According to the authorities, Piyush committed a Rs 1,000 crore fraud in order to obtain a residential apartment allotment. The accused Piyush had been offered a reward of Rs 50,000 by the police.
The Delhi Police received particular information on a convicted felon living in Nashik, Maharashtra, who is currently in the onion business on March 20th. The police squad went to Nashik and arrested him based on this information. More than 30 fraud cases had been filed against Piyush.
During inquiry, the suspect confessed his method of operation for launching his construction firm in 2011. Until 2018, he developed roughly 8 corporations and 15-20 shell entities. According to the investigation, his house was raided by the Income Tax officials in 2016 and over Rs 120 crore was seized. He suffered greatly as a result of this, and in order to compensate for his loss, he chose the easier road of cheating.
He then began defrauding people under the guise of selling a flat, selling the same flat to multiple buyers. More than 30 cases against him have been filed in various police stations as a result of this. To escape being apprehended, he fled Delhi and took up residence in Nashik under a false name.
According to the police, Piyush Tiwari, 42, founded an advertising agency in Delhi-NCR, later he sold it, and invested the money in building flats in Noida, Uttar Pradesh, which he subsequently marketed to naive people under the guise of buying properties and began scamming. Shikha, Piyush's wife, was also implicated in this fraudulent game and is in imprisoned.
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