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CBI arrests 11 in Rs 60,000 Cr Pearls Ponzi scam

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CBI

The Central Bureau of Investigation (CBI) has arrested 11 more persons, including businessmen and Pearls Group employees in connection with Rs 60,000 crore Pearls Ponzi Scheme case.

“Chander Bhushan Dhillon, Prem Seth, Manmohan Kamal Mahajan, Mohanlal Sehajpal, Kanwaljit Singh Toor are the employees of the Pearls Group who have been placed under arrest. Apart from them we arrested Delhi, Chandigarh and Kolkata-based businessmen Praveen Kumar Agarwal, Mannoj Kumar Jain, Akash Agarwal, Anil Kumar Khemka, Subhash Agarwal and Rajesh,” said a CBI official.

The official said that the CBI had earlier registered a Preliminary Enquiry on the directions of the Supreme Court against Pearls Group, which had allegedly collected around Rs 60,000 crore from around five crore investors all across the country by illegally operating different investment schemes, without any statutory approval, with an intention to cheat them.

The accused had given land guarantee to the investors to lure them. The people were told that they would be getting an interest of 12.5 per cent if they would invest. They were offered free accidental insurance and income tax free maturity on their investments. The accused had also promised the investors that the value of the land that they were purchasing would multiply fast.

Later on the basis of the enquiry a case was registered against Ms. PGF Limited, Ms PACL Limited, Nirmal Singh Bhangoo and other Directors of these two flagship companies of the Pearls Group.

During investigation, Nirmal Singh Bhangoo, Sukhdev Singh, Subrata Bhattacharya and Gurmeet Singh were arrested in January 2016. Later in April 2016 the CBI filed it’s first charge sheet against them.

The CBI had identified properties of Nirmal Singh Bhangoo worth Rs 1.85 lakh crore in the current market rate across the country. The accused had also invested in Australian companies.

Australian cricketer Bret Lee was a brand ambassador for the Pearl Group and the IPL team ‘Kings XI Punjab’ was also cosponsored by Pearl Group.

To investigate the role of other accused in this multi-crore financial scam, which had adversely affected the interests of millions of investors, further investigation of the case was continued.

This morning the CBI arrested 11 more persons for their alleged involvement in the case. The Enforcement Directorate is also probing a case of PMLA in this connection.

Further probe in the matter is on.

Crime

NESCO Concert Drug Case: Security Guard Arrested As 10th Accused, Took ₹1,000 Bribes To Bypass Security Helped Facilitate Drug Access

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Mumbai: A 30-year-old security guard from Sion Koliwada was arrested by Vanrai Police on Sunday.

This marks the tenth arrest in the NESCO music concert drug overdose case.

The accused, Pradeep Gupta, worked as a contract bouncer through Safecure company, which was assigned security duties for the 999999999 ‘Acid Storm’ tour concert held on April 11 at NESCO centre in Goregaon East.

He allegedly facilitated unauthorised access by accepting bribes. Police said Gupta was in contact with other accused, Vineet Gerelani, 22, and Aayush Vicky Sahitya, 24.

They reportedly spoke five to seven times over the phone, and investigators claim to have evidence of these conversations.

Gupta allegedly charged `1,000 per person to allow entry without conducting proper security checks. He permitted at least five people to enter the venue bypassing protocols.

Gupta has been remanded to police custody till April 24. His advocate, Azad Gupta, stated that he could not recall the incidents.

According to investigators, Gerelani and Subh Agarwal (22) had entered the hard acid techno event without purch asing tickets by bribing gua rds `1,000 each.

They allegedly delivered ecstasy pills to MBA student Pratik Pandey, 24. Aayush Vicky Sahitya, the main supplier of drugs and the ninth accused, was arrested on Friday.

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Crime

Mumbai Crime Bureau Nabs Five With Illegal Firearms And 21 Live Cartridges From Pydhonie, Probes Bishnoi Gang Links

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Mumbai: The Crime Branch of Mumbai Police has arrested five persons from the Pydhonie area for allegedly attempting to sell illegal firearms and live cartridges without a valid license. Officials are also probing whether the accused have any links with the Bishnoi gang. All five accused have been arrested. They are aged between 19 and 26 years and are natives of Rajasthan and Haryana.The arrested accused have been identified as Surendra Amarlalji Minna (25), Rohit Ghanshyam Mina (24), Kartik Bijander Parcha (19), Deepak Kumar Chitarmal Bil (26) and Ronuronak Pannalal Merotha (25).

As per Sources told, Based on specific intelligence received from a confidential informant, the complainant verified the input and conducted a raid at the hotel premises in Nakhooda Mohalla, Pydhonie. During the operation, the five accused were found in possession of firearms and live cartridges without any valid license.Police said the accused were allegedly carrying the weapons in violation of the prohibitory orders issued by the Commissioner of Police, Brihanmumbai, regarding possession of arms.

According to officials, the Anti-Extortion Cell of the Mumbai Crime Branch received specific information from a confidential informant that a group of individuals would arrive in the Pydhonie area to sell firearms and ammunition illegally. Acting on the tip-off, a team conducted a raid at Hotel Elegant, Room No. 305, located on Narayan Dhuru Street in Pydhonie.

During the operation, five persons were found at the spot. Upon search, the police recovered three pistols along with magazines and a total of 21 live cartridges from their possession. When questioned about the license for the firearms and ammunition, the accused failed to produce any valid documents. They allegedly admitted that they had brought the weapons for sale.

Following the seizure, an FIR was registered at Pydhonie Police Station under Sections 3 and 25 of the Arms Act, along with Sections 37(1)(A) and 135.

Further investigation is underway to ascertain the source of the weapons and to determine whether the accused have any connections with organized criminal gangs, including the Bishnoi gang.

Accused Surendra Meena is resident of Bahura Dihod, Kota, Rajasthan, Rohit Meena of Tathed Dihod, Ladpura, Kota, Rajasthan, Kartik Parcha, of Asoda, Jhajjar, Haryana, Dipak Kumar Bil, is of Umedganj, Kota, Rajasthan and Ronu Ronak Merotha is resident of Tathed, Ladpura, Kota, Rajasthan. 5 silver-coloured firearms and 21 live rounds (cartridges) seized from accused.

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Crime

Mumbai Police Anti-Narcotics Cell Seizes Drugs Worth ₹2.21 Crore; Nigerian National Arrested In Khar

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Mumbai: The Anti-Narcotics Cell (Worli Unit) seized 45 ecstasy pills worth Rs 2.21 crore. The ANC booked on April 17 Eze Ezekiel Njoku, 39, a Nazeriam citizen for allegedly possessed drugs. 

The police said the Anti-Narcotics Cell’s Worli Unit, a police team was patrolling the Western Regional Division on the evening of April 16 on the instructions of senior officers. At around 11:15 pm, near the rear side of the ‘Sea Sand’ building on Shirley Rajan Road in Khar West, they noticed a foreign national behaving suspiciously. On seeing the police vehicle, he attempted to flee but was chased, intercepted, and detained.

During interrogation, the accused identified himself as Ije Ezekiel Njoku. He admitted that he was carrying cocaine and MDMA (ecstasy) pills in a blue side-pouch bag, which he intended to sell. A search conducted in the presence of independent witnesses led to the seizure of 213 grams of cocaine and 45 MDMA (ecstasy) pills weighing 24 grams.

The seized cocaine is estimated to be worth ₹2.14 crore, while the ecstasy pills are valued at ₹7.20 lakh, taking the total value of the contraband to ₹2.21 crore.

Police also recovered a Nigerian passport, visa, ₹400 in cash, and an iPhone from the accused. He is a resident of Nalasopara (East). All procedures under the NDPS Act were followed during the operation. A case has been registered at Khar Police Station, and further investigation is underway.

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