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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
UP: Misled by GPS navigation, car falls into river from partially constructed bridge, 3 dead
Bareilly (UP), Nov 24: Three people died when their car fell into the Ramganga river from a partially constructed bridge here on Sunday, police said, adding that they suspect the driver was misled by its navigation system into taking the unsafe route.
The accident occurred around 10 am on the Khalpur-Dataganj road when the victims were travelling from Bareilly to Dataganj in the Badaun district, they said.
"Earlier this year, floods had caused the front portion of the bridge to collapse into the river, but this change had not been updated in the system," Circle Officer Ashutosh Shivam said.
The driver was using a navigation system and did not realise that the bridge was unsafe, driving the car off the damaged section, the police said.
There were no safety barriers or warning signs on the approach to the damaged bridge, leading to the fatal accident, Shivam said.
Upon receiving information, police teams from Faridpur, Bareilly and Dataganj police station rushed to the spot. They recovered the vehicle and the bodies from the river, Shivam added.
The circle officer said that bodies had been sent for post-mortem. Further investigation into the matter is underway.
— Bareilly Police (@bareillypolice) November 24, 2024
