Hawala dealer among 2 detained for cheating business man out of Rs 2 crore – The New Indian Express
BHUBANESWAR: The Economic Offenses Wing (EOW) of the crime branch has arrested two people, including a Mumbai hawala dealer, for allegedly deceiving a Jharsuguda businessman out of Rs 2 crore.
Ashok Kumar Singh who hails from Bihar and is involved in real estate business in Jharsuguda had filed a lawsuit in EOW against Rakesh Pandey, Sarman Singh Tomar and seven others alleging that they deceived him by promising to provide him with a loan of Rs 100 crore. EOW recorded a case in this regard on March 3 this year.
Ashok’s business was badly hit during the Covid-19 pandemic and he needed the money. In June 2021, he comes into contact with Rakesh Pandey aka Rakesh Kumar Girija Pandey. Rakesh assured Ashok to arrange a loan of Rs 100 crore and asked him to pay Rs 2 crore for the processing fee. The victim arranged the money with the help of his business partner and handed over the amount to Rakesh in Mumbai.
Subsequently, Ashok received many fake emails claiming that his loan amount would be dispersed after completing certain procedures and documents. However, the victim received neither the loan nor the money she had paid to the accused.
During the investigation, EOW officers established that Sarman Singh Tomar ran a hawala business in Mumbai and Rakesh Pandey from Uttar Pradesh is a wanted fraudster/extortionist. Rakesh has several criminal cases against him in Maharashtra and Uttar Pradesh.
The agents of the agency seized numerous incriminating documents and items like credit/debit cards, checks from different banks, mobile phones, a pistol with eight cartridges of live ammunition and 50,000 rupees in cash from Rakesh.
Rakesh is involved in at least 15 cases like Fraud, Fraud, Theft, Scam, Forgery, Attempted Murder, Impersonation as government officials among others.
“Sarman and Rakesh were detained on March 26 and presented to a court in Bandra the following day. They were brought to Bhubaneswar on remand. Efforts are underway to identify and catch the other defendants involved in the businessman’s scam,” an EOW officer said.