HomeIndiaCBI Registers FIR IN 15000 Crore Bike Boat Scam Case

CBI Registers FIR IN 15000 Crore Bike Boat Scam Case

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Bike boat scam of Uttar Pradesh: In which thousands of crores of rupees were cheated from the people in the name of providing bike service. It is reported that the CBI probing this scam has registered an FIR. Sanjay Bhati is the mastermind of this scam of Rs 15,000 crore fraud. Apart from him, the names of 14 more people are registered in the complaint.

Earlier, the Enforcement Directorate had started an investigation into the matter. Let us inform you that several FIRs were registered against Sanjay Bhati and other accused at Dadri police station in Gautam Buddha Nagar. After that, ED started an investigation against him. According to reports, the investigating agency has attached assets worth Rs 216 crore of Sanjay Bhati’s company.

What is Bike Boat Scam?

Sanjay Bhati had formed a company named Garvit Innovative Promoters Limited (GIPL). This company started a startup business named ‘Bike Boat’ in 2017-18. It was told that it would provide app-based bike taxi services like Ola and Uber. These bikes were bought with money from investors.

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People were told that you should invest the money of the cost of one or more bikes in the company. In return, the company will keep giving you a fixed return every month. For example, according to a plan, the company promised to provide a return of Rs 9,756 per month on an investment of Rs 62,100. That is a return of more than 1 lakh 17 thousand rupees in a year. The company had many such plans.

In the year 2019, the company started the electric bike scheme. For every such bike, people got deposited about one and a half lakh rupees. In return, he promised to give 17 thousand rupees every month for one year. The company had distributed franchisees across the country to raise money in this way.

But when people stopped getting returns, they started creating ruckus in different offices of the company. When they reached the police with a complaint, it was found that thousands of crores of rupees were invested from the public in the name of providing a bike taxi service. In December 2020, the Economic Offenses Wing of Delhi Police arrested Sanjay Bhati, director of GIPL.

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According to media reports related to the scam, GIPL had spread its net extensively in many parts. This company had opened its offices in many Delhi, Haryana and Uttar Pradesh, where it cheated people of crores on the pretext of investment.

Talking about the role of the police, he was accused of not taking action against the company. According to the report of Spot News 18, the investors claimed that they had gone to the local police and the top police officers with their complaints, but no action was taken.

Shubham Dubey
Shubham Dubey
Shubham has an excellent knowledge of science and technology. He has one year of experience in writing articles. He also worked for many websites. He loves singing and painting.

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