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up, allahabad, STF caught a fraudster of Rs 100 crore in Prayagraj | STF caught a fraudster of 100 crores in Prayagraj: Fraud by forming a company, there was a reward of 25 thousand in Bareilly and 50 thousand in Uttarakhand – Prayagraj (Allahabad) News

up, allahabad, STF caught a fraudster of Rs 100 crore in Prayagraj | STF caught a fraudster of 100 crores in Prayagraj: Fraud by forming a company, there was a reward of 25 thousand in Bareilly and 50 thousand in Uttarakhand – Prayagraj (Allahabad) News



This photo is of accused Gyanesh Pathak.

Gyanesh Pathak, accused of fraud of more than 100 crores, was finally arrested by the STF Prayagraj unit. Teams of UP STF along with UP Police are searching for Gyanesh Pathak, director of JKV Multistate Credit Cooperative Society Limited, an interstate fraudster.

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A reward of Rs 25,000 was declared on the culprit in Bareilly while a reward of Rs 50,000 was declared in Uttarakhand. A total of 39 cases have been registered against the notorious criminal in many districts of UP, Rajasthan, MP and Uttarakhand under various sections including fraud.

The network was spread across many states and they cheated people for Rs 100 crore
The cunning fraudster spread his network in many states. The accused formed JKV Multistate Credit Cooperative Society Limited. After this, he motivated people to invest.

He kept giving profit to about 159 people every month. He said that by investing in this company, there will be a profit of Rs. 7000 per lakh. After many people got profit, they kept falling into the trap.

Branches were opened in many states, people kept investing money

The society had more than a hundred branches in states like Rajasthan, Madhya Pradesh, Uttar Pradesh, Uttarakhand, Bihar etc. In the year 2018-19, about 20 to 25 crores were paid to the people, but from the year 2019-20, no member of the society paid the money and their money was embezzled.

People were given false assurances that their money will be returned, but no one’s money was returned. The society absconded after embezzling about Rs 100 crore.

The arrested accused Gyanesh Pathak was arrested in a case registered in Thana Kila district Bareilly and presented in the court of Nagpur. Further legal action will be taken by obtaining transit remand from the court and filing it in Thana Kila, Bareilly, Uttar Pradesh.



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