E-commerce firm dupes investors of crores
Bengaluru: An e-commerce firm has been accused of cheating consumers of crores of rupees after promising them huge returns. The multi-crore scam, which is believed to be spread across the country, is being investigated by Central Crime Branch (CCB) of city police.
Chandrashekar Gupta Gala, director of e-commerce company Easy Pay Cash (EPC), is the prime accused in the case.
According to a victim, Chandrashekar started the company in June 2017 and set up his office in HSR Layout. Posing himself as the networking business head, he lured people with attractive offers to invest in his company.
According to a Times of India report, Chandrashekar allegedly sought investments initially in three slabs of Rs 9,000, Rs 27,000 and Rs 81,000 which, he promised, would fetch the investors returns of Rs 100, Rs 300 and Rs 1,000, respectively, over next 200 days. The profits were to include the principle investment too. Primary investors who bring in additional investors were promised extra returns in the range of Rs 15 to Rs 500 per day for the 200-day cycle.
The scheme was promoted aggressively on WhatsApp and YouTube for a long time; sources said TOI. According to another investor, Vinod Naik, the firm claimed to make investments in crypto-currencies.
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Online fraud: Hotel chef from Udupi cheated of over Rs 1 lakh by WhatsApp contact
Udupi: Udupi City Police have registered a case of online fraud after a 62-year-old hotel chef was allegedly cheated of Rs 1.13 lakh by a woman who befriended him on WhatsApp, claiming to be based in London.
The victim, identified as Pandu Kariappa Poojary, a resident of Kuthpadi in Udupi, was working at a hotel in Mangaluru.
He reportedly came into contact with a woman identifying herself as Emilda William on WhatsApp. During their interactions, she told Poojary that she planned to start a cosmetics and hotel business in India and would meet him during a visit to Mangaluru.
On April 7, Emilda sent Poojary a flight ticket from London to Delhi via WhatsApp. The following day, Poojary received a phone call from a woman who informed him that Emilda had arrived at Delhi airport carrying a demand draft worth Rs 5 crore along with other items. The caller allegedly asked him to pay Rs 70,000.
Subsequently, Poojary also received a call from Emilda, who was reportedly crying and spoke about the situation. Believing the claims, he transferred a total of Rs 1,13,300 in phases using a scanner. He later realised that he had been cheated.
