Delhi Police’s North district police have arrested a big thug involved in fraud of more than Rs 1,000 crore. According to the police, to avoid arrest, the accused changed his name and sold onions.
1,000 Crore scam
According to the reports, the accused Piyush Tiwari had disguised himself and altered his name and address. The accused was living in Nashik posing as Puneet Bhardwaj after Nashik court had declared him a culprit.
The Police said that Piyush has done a scam of about Rs 1,000 crore in the name of getting the residential flat allotment. Later Police had declared a reward of Rs 50,000 on him.
On March 20th, the Delhi Police received anonymous information regarding an offender staying at Nashik, Maharashtra, and now doing onion business. Based on this information, the police team went to the place and arrested him. It is also said that Piyush had more than 30 cases of fraud registered against him.
A businessman who cheated people
During the inquiry, Tiwari revealed that he was a commerce graduate and had worked in the advertising sector for many years. He began his business as a builder in 2011. He started eight companies along with 15-20 shell companies till 2018.
Police also said that in 2016, an income tax raid was executed on his house, and about Rs, 120 crores were taken. After this, his business sank and he started cheating people by selling one flat to multiple buyers. After numerous cases were reported against him, he evaded judicial proceedings and was declared a proclaimed criminal. He then ran from Delhi and moved his ground to western India under a made-up name and joined various businesses.
