Puneet Beriwala, CEO of Vipul Limited, has been taken into custody by the Gurugram Police in connection with an alleged Rs6 crore investment fraud involving several lawyers.
According to investigators, Beriwala allegedly lured the complainants with promises of high and assured returns on their investments. However, after collecting substantial sums, he reportedly stopped responding to calls and failed to return the funds. The arrest came after aggrieved lawyers staged a protest demanding swift police action.
The case is being probed by the Economic Offences Wing (EOW-2), which found during preliminary investigations that the invested money had been diverted elsewhere. Authorities have now intensified efforts to trace and apprehend Beriwala’s alleged associates, Sunil Bhandari and Praveen Gupta, who are said to be linked to the scheme.
Legal proceedings against Beriwala are gathering pace as he remains in police custody. Meanwhile, the affected lawyers continue to push for stringent action and the recovery of their funds, seeking accountability in the high-profile financial fraud case.
