PANJIM: The Economic Offences Cell (EOC) on Saturday apprehended accused person Vijay Kumar Jaiswal, managing director of Yudivo Private Limited, for duping investors by promising various schemes with high returns for their investments.
Jaiswal was booked under Sections 406, 409, 420, 506 (ii) and 120-B of Indian Penal Code (IPC), Sections 3 and 5 of Goa Protection of Interest of depositors (In Financial Establishments) Act 1999 (GPID) and Section 4 and 5 registered on behalf of State complaint of R A Shaikh, Police Inspector, Economic Offences Cell (EOC) to the effect that prior to February 18, had office Yudivo Private Limited, at Sangam Vihar, New Delhi and Noida, Uttar Pradesh and also had his office at Eastern Bypass, Fatorda, Margao.
Superintendent of Police Nidhin Velsan, Crime Branch informed, “The accused person Vijay Kumar Jaiswal along with nine others with their common intention promised various schemes to the investors and committed cheating, fraud, criminal breach of trust, misappropriation of amount by conspiracy and duped around 2,000 investors to a tune of Rs 3 crore approximately by taking away their hard earned money on pretext of giving high returns on their investments and failed to give returns as promised.”
