The Panipat police have successfully arrested Bijender, a key accused in a multi-crore investment fraud case that involved widespread cheating under the guise of profitable investment opportunities. Bijender, a resident of Machroli village in Panipat district, was the head of all the branches in Panipat for the Human Welfare Credit and Thrift Cooperative Society Limited.
According to Superintendent of Police Lokender Singh, a total of eight FIRs were registered at different police stations across the district, alleging fraudulent activities by the society. People reported being duped with promises of high returns on investments. The special investigation team was formed to probe the case, which led to the registration of cases at multiple locations, including Tehsil Camp, Chandnibagh, Samalkha, Israna, Industrial Sector 29, Sadar, and Madlauda police stations.
The investigation was handed over to Sub-Inspector Gulshan and his team from the special detective unit, who arrested Bijender on Tuesday and obtained a two-day police remand for further questioning.
During his interrogation, Bijender revealed that the Chief Managing Director (CMD) of the society, Sameer Agarwal, along with others, had established a company called ‘Option One’ in 2013. The company enticed individuals to invest in Fixed Deposits (FDs) and Recurring Deposits (RDs) by offering promises of massive returns.
