On Wednesday, the Special Task Force (STF) apprehended Rahul Sharma, an active member of a gang that defrauded numerous individuals of crores of rupees through investments in the Shine City Infra Project Pvt Ltd. Sharma, who hails from Rae Bareli and was carrying a reward of Rs50,000 for his capture, was arrested in Gomtinagar. Authorities recovered a driving license, PAN card, ATM card, and Rs610 in cash from him.
The STF acted on a tip-off about Sharma’s planned meeting in Gomtinagar, allowing them to set a successful trap.
During questioning, Sharma revealed that he holds a Master’s degree from Chhatrapati Shahuji Maharaj University in Kanpur. He began working as a computer operator for Shine City in March 2016. After four months, he became the authorized signatory responsible for registering allottees on behalf of the company, which is headquartered in Vipul Khand, Gomtinagar.
The company’s CMD, Rashid Naseem of Prayagraj, is currently absconding, with the Uttar Pradesh government offering a ₹5 lakh reward for his capture. Additionally, the Enforcement Directorate (ED) is conducting a separate investigation into the group. Recently, the ED filed a chargesheet against several individuals, including Asif Naseem, Rashid Naseem, Amitabh Kumar Srivastava, Meera Srivastava, and 11 companies associated with Shine City. This investigation stemmed from around 554 FIRs lodged by the Uttar Pradesh Police against Rashid Naseem and his associates.