New Delhi, Aug 31 (UNI) The Enforcement Directorate (ED) today said that its Special Task Force (STF) has attached an additional Rs 394.42 crore in the Bikebot Scam Case.
A senior ED official said that the properties were held in the name of Kamakhya Educational and Social Welfare Trust, Kamakhya Educational Society, Guru Nanak Charitable Trust, Alpine Technical Education Society, AP Goyal Charitable Trust and Smt. Meena Anand.
GIPL and its promoter, Sanjay Bhati, along with others, had floated highly lucrative investment plans in the guise of a BIKE TAXI service by the name of BIKEBOT, wherein a customer could invest in 1, 3, 5 or 7 bikes which would be maintained and operated by the company, and the investor would be paid monthly rent, EMI and bonus (in case of investment in multiple bikes) and further incentives on adding additional investors in a binary/multi-level marketing structure.
The company also allotted franchisees in various cities, but the bike taxi hardly operated in these cities.
ED investigation revealed that funds mobilised in the Bikebot scam were diverted to various related companies and subsequently layered through educational trusts, societies, and individuals. These diverted funds were utilised to purchase immovable properties in Meerut and release previously mortgaged properties from banks.
The present attachment covers immovable properties and released mortgaged land worth Rs. 20.49 Crore and valued at Rs. 389.30 Crore at the time of commission of the predicate offence, as well as fixed deposits aggregating to Rs. 5.12 Crore.
ED recently attached properties to the tune of Rs. 220.78 Crore.
A Prosecution Complaint (chargesheet) and three Supplementary Prosecution Complaints have also been filed against twenty-seven before the special court in Ghaziabad by the ED.
Further investigation into the matter is ongoing.
