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'Bike boat' ponzi scheme | Seven more directors arrested for duping investors of Rs 42,000 crore

The directors of the Noida-based firm duped people by promising them good returns against investments in the 'bike boat' ponzi scheme.

November 25, 2020 / 07:30 PM IST
Representative Image

Representative Image


The Economic Offences Wing (EOW) of the Delhi Police has arrested seven more directors of M/s Garvit Innovative Promoters Limited for cheating people of nearly Rs 42,000 crore. The directors of the Noida based firm duped people by promising them good returns against investments in the 'bike boat' ponzi scheme.

EOW in its tweet disclosed that so far it has arrested 15 directors involved in the 'bike boat' scam.
Moneycontrol News
first published: Nov 25, 2020 07:29 pm
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