FORMER ADG ALLEGEDLY DUPED OF ₹ 58 LAKH, 1 KG GOLD

The former ADG has been cheated on pretext of good returns on investment by a Moradabad based company

Lucknow: Retired IPS officer Gurbachan Lal, who once was the Additional Director General of Police of Meerut Zone, has been cheated of Rs. 58 lakhs and 1 kg of gold by a director of company and others on pretext of investment.

Gurbachan Lal, who was the ADG of Meerut zone during the BSP government, was power in the state, wrote in his complaint to the police that Dr. Mayank Dubey, director of Sai Soft Security Limited Company based out from Deendayal Nagar, Moradabad had promised to get him good profit on the investment.

He added that based on this, he had deposited Rs. 58 lakhs in the company’s demat bank accounts on different dates between 2009 to 2012 via direct transfer from his account and checks.

He further added that he also gave 1 Kg gold as investment in the entity that is a registered body of NSE/USE of India and is also registered with SEBI. He stated in his complaint that Dr. Mayank Dubey personally received all the cheques for the investment and deposited in his company’s bank account.

He added that this fund was deposited in head fund and regular deposits of the dividend return on his investment were made in his account till June 2013.

He added that he has also paid income tax on this dividend returns. Gubachan alleged that after June 2013, the investment company suddenly stopped paying the monthly dividend. The directors of allegedly transferred the dividend earned by him to their account and the company’s associates through forged documents.

Until June 2021, Dubey and his company’s partners continued to promise Lal that his capital investment and the dividend earned it is completely safe and will be returned soon.

Inspector Civil Lines said that on the orders of Additional Director General of Police (Bareilly Zone), a case has been registered against Dr. Mayank, the director of the invested company Sai Soft Security and other unidentified persons of Sai Soft Security under several sections including fraud and forgery