Shine City fraud: Another senior official in eow dragnet
LUCKNOW, Feb. 4 -- Economic Offences Wing (EOW) on Tuesday arrested another accused in connection with the multi-crore Shine City Infra Project Pvt. Ltd. investment fraud, as per an official note. This was the second arrest the UP Police wing has made in the case in two days.
The accused, Atul Singh, was apprehended from the Gudamba area of the city. He allegedly played a key role in marketing the company's real estate schemes used to dupe investors, the note issued by EOW headquarters here read.
Investigators described him as part of what was internally referred to as the company's "bahubali team" or the core marketing team.
Police said a court had issued a non-bailable warrant against Singh. "He changed his location frequently to evade arrest," the EOW stated, adding that he was allegedly still trying to lure people into similar investment schemes.
Singh's arrest came a day after the EOW detained Preeti Singh, a former HR officer with Shine City, from Lucknow. As per investigators, both worked at the same Lucknow office and she acted as an authorised signatory in buyers' registry agreements on behalf of the company. htc...
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