Police Arrested Businessman who ‘cheated over 25 banks of Rs 4,000 crore’
On Sunday the Delhi Police’s Economic Offences Wing has arrested the director of a company who allegedly cheated more than 25 banks of Rs 4,000 crore, said officials.
Vinay Sharma (42), the accused runs a petrol pump, tech startup, aluminum scrap unit and also manages private buses in Himachal Pradesh.
Sharma is involved in five cases of fraud two cases are with the Central Bureau of Investigation and has been absconding for years said police.
Amid investigation, police found that the accused had allegedly cheated several banks using fake bills and letters of credit.
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