| Address: Mumbai City, Maharashtra |
SOURCE MID-DAY DATE 27/3/2010 PAGE NO.6
SOURCE LINK :http://www.mid-day.com/epaper/index.htm
RUPESH SABKA RUPAYYA DEGA’
CAR RENTAL AND MONEY- DOUBLE SCHEME OPERATOR RUPESH VERMA CLAIMS MULTI- CRORE FRAUD ON HIS INVESTORS NOT OF HIS MAKING, BUT HE WILL STILL PAY EVERYBODY BACK
KETAN RANGA ketan. [protected]@ mid- day. com HE is adamant he has not committed any fraud, says he is ready — always was — to pay every single investor every single rupee, and that it was he, Rupesh Verma, who was cheated by a person in his company and his bank.
Accused of a nationwide multi- crore fraud, 34- year- old Verma, a car rental businessman and operator of many double- your- money schemes, was arrested in Delhi in December. In an exclusive interview from the city jail where he is in custody, Verma told MiD DAY that the cheques he issued were not honoured because funds were flushed out of his bank without his knowledge.
There are about 2,000 investors who had put their money in Delhi- based Verma’s car rental business and other moneymaking schemes.
Police seized over 500 cars and property worth crores of rupees from Verma in Mumbai, Delhi, Pune, Bangalore, Kolkata and Jaipur. About 150 cars were seized fromMumbai alone.
Verma is behind bars in Arthur Road jail, but is often
taken to Delhi, Jaipur, Pune and Mumbai, where he has many cases lodged against him.
Victim of forgery “ I have not committed any fraud. All my cheques were from one bank. There was a cheat in my company who was committing fraud in collusion with the bank,” said Verma.
“ A number of times, two cheques with the same number were cleared. Cheques with my forged signature have also been issued and cleared.” He added that even when he discovered something was wrong, the bank didn’t heed his instructions.
“ I had sent a letter to the bank to stop the payment, but the cheques issued without my knowledge were still cleared. Unfortunately, that money had been deposited for the investors,” said Verma.
“ The cheques I issued to my investors bounced. The cash had already been withdrawn through fraudulent activities.” Conspiracy claim Verma said what happened was because of a temporary cash crunch because he was cheated, but that he was again in a position to pay back every investor.
“ I am ready to make payments
payments to my investors even today, since I have the money.
But there is a huge conspiracy against me,” said Verma.
Verma said he had even called a conference to tell his investors he would return their money, but the people who wanted him to fail stagemanaged everything and he was arrested.
Verma is now to be taken to Jaipur for investigations.
I am ready to make payments even today to my investors, and I have the money too.
But there is a huge conspiracy against me.
— Rupesh Verma
RUPESH VERMA KA CAR- NAMA
Rupesh Verma ran Om Sai Nath car rental service. He would get an investor to buy a car and enter into an agreement with him which said the car would be with the car rental firm for five years in exchange for a rent of Rs 6,250 to Rs 14,450 per month, depending on the model. The investor was sold the concept that he would earn a handsome income for five years and also get a car at the end of it.
But last year, a few cheques that Verma had issued bounced, and he was arrested following complaints from investors.
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