The Economic Offences Wing (EOW) of the Delhi Police arrested 44-year-old Mohit Wadhwa, alias Manu, on May 9 for allegedly deceiving 14 followers of a spiritual leader out of more than Rs 9 crore. The fraudulent schemes, which promised high returns, lured the victims into investing in Dubai-based ventures between September 2017 and September 2020.
Wadhwa, who frequented satsangs at Bade Mandir in Chhatarpur, exploited the trust of fellow devotees to make his pitch. He reportedly collected the funds in installments over the years, assuring the investors of substantial profits. However, after the money was transferred, no returns or documentation were provided to the victims.
The case was initiated following a complaint from Gurpreet Kaur Rai, and further investigations uncovered 14 individuals who had been duped. Authorities revealed that Wadhwa used the defrauded money to fund his extravagant lifestyle and invested in cryptocurrency.
Wadhwa has a history of similar offenses and had been previously arrested for comparable scams. He now faces charges of cheating, fraud, and money laundering under the relevant sections of Indian law.
