Delhi Police arrest man for scamming people of almost Rs 80 crore

Delhi Police arrested Vinay Vishal Sharma who had taken almost Rs 80 crore in loans from several banks and individuals.

The Delhi Police Economic Offences Wing arrested Vinay Vishal Sharma, a resident of Green park in Delhi. He is the director of Affinity Salon Pvt. Ltd. Police investigation revealed Vinay had taken upto Rs 80 crore as loans from several banks and individuals.

A complaint was filed by Anurag Chandra alleging that Vinay Vishal Sharma approached him in 2016 to invest money in his company, Affinity Beauty Salon Pvt. Ltd. Vishal lured Anurag with promises of good returns from his investment. Vinay also handed over the possession of a residential property at Sushant Lok Phase-1 and the beneficial interest in 3 leading outlets as security.

Anurag had transferred Rs 7.5 crore to Vinay’s company. Investigations revealed that at the time of signing the agreement in which Rs 2.5 crore was given to Affinity, the property at Sushant lok Phase-1 was already given as collateral property to HDFC bank. The house was collateral for the loan taken for its purchase.

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The investigation further revealed that Vinay had taken upto Rs 80 crore as loans from several banks and individuals. He would persuade people to mortgage their property to take loans from banks and use the money for his business. He also borrowed money from individuals by selling equity of his company and giving them some of his properties as security.

He is the director of the company M/s Affinity Beauty Salon Pvt. Ltd. Further, he is the only person authorised to operate the bank accounts of the company. His wife is another director and is also the only authorised person to operate another bank account.

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