National / World

Wave Group VC arrested in 100 cr fraud case


New Delhi, Jun 13 (IANS): Manpreet Singh Chadha, the Vice Chairman of the Wave Group, has been arrested in connection to a Rs 100 crore fraud case, a police officer said here on Thursday.

The Economic Offences Wing (EOW) of the Delhi Police arrested Chadha on Wednesday at the national capital's Indira Gandhi International Airport while trying to escape to Thailand, Additional Commissioner of the EOW, Suvashish Chaudhary told IANS.

Before his arrest, the airport's security staff and immigration officers were alerted and Look a Out Circular (LOC) was issued against Chadha.

EOW had registered a case against Chadha in connection with the case including other promoters of Wave Group, Chaudhary said, adding that it was stated in the FIR that the group duped buyers of over Rs 100 crore and made wrongful gains to the company on the name of promising a Hi-Tech township project at NH-24.

Top Stories

Leave a Comment

Title : Wave Group VC arrested in 100 cr fraud case


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image