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Rs 30 Crore Fraud: Police Attach Accused's Property
24 Oct
Summary
- Police issued property attachment notice against Satya Prakash.
- Mastermind Dhananjay Shukla identified in Rs 30 crore fraud.
- Accused amassed property worth approximately Rs 4 crore.
In Sant Kabir Nagar, police have initiated proceedings to attach property belonging to Satya Prakash, an individual implicated in an alleged Rs 30-crore investment fraud scheme. Investors were reportedly duped with promises of high returns from stock market investments. Five individuals have been apprehended in connection with the case, which originated at the Mahuli police station.
The investigation has pointed to Dhananjay Shukla, a resident of Kushinagar, as the alleged mastermind behind the fraudulent operation. Authorities discovered that Satya Prakash acquired property valued at approximately Rs 30 lakh using funds purportedly obtained through the investment scam.
Further investigation revealed that Vikrant, another accused residing within the Mahuli police station jurisdiction, allegedly accumulated property worth around Rs 4 crore from the proceeds of the fraud. Court proceedings for the attachment of Vikrant's property are currently underway, indicating an ongoing legal battle to recover illicit gains.
