In a significant case of international fraud, businessman Vijay Sharma from Gwalior fell victim to a scheme that cost him millions. Lured by the promise of substantial profits, he was conned by a UK-based pharmaceutical company claiming to produce obesity medication. The scam was orchestrated by fraudsters operating from Delhi.
The scheme began when a representative named Lawrence Elvis contacted Sharma, promising a 20% commission on every consignment of raw materials sourced from Rangareddy district, Telangana. Trusting this lead, Sharma purchased an initial sample for Rs 8 lakh, which was approved by another supposed company representative in Delhi.
Between July 2023 and February 2024, Sharma sent raw materials worth approximately Rs 49 lakh to the fraudulent company. However, as demands increased, he grew suspicious and investigated the legitimacy of Agro Herbal, the company mentioned. He soon discovered it was a sham.
Following his complaint to the Crime Branch, police traced the financial transactions linked to around 15 different accounts. Their investigation led to the arrest of Terry Obe from Tanzania and Venus Rawat from Meerut in Delhi. The police recovered several items, including laptops and mobile SIM cards, during the operation.
This case highlights the prevalence of international fraud targeting entrepreneurs across India, with the police intensifying their efforts to combat such schemes. Further interrogations of the suspects are underway to uncover more about the fraudulent network.
