New Delhi, Nov. 21 -- Delhi Police have arrested six more additional directors of M/S Garvit Innovative Promoters Ltd on charges of cheating people of around Rs 42,000 crore in different states by misleading victims with good quick return scheme called 'Bike Boat'. The registered office is at Dadri.

Earlier in the month of September, the Economic Offence Wing had arrested Sanjay Bhati, chief managing director of the company and director Rajesh Bhardwaj of the who baited people with an assured payment of Rs 9,500 per month with the principal amount and a rental income on bikes for one year, if they invest Rs 62,000 for a two-wheeler.

In January 2019, the company also started a new misleading scheme called e-bike scheme, wherein people ne...