After the arrest of Pankaj Khanchandani, the director of the capital share research advisory company, the arrests of people working for him have started. In this sequence, two constables of SAF 1st Battalion Mahendra Srivastava and Yogesh have been arrested. Both are accused that they misguided 9 jawans of their own department and made them a victim of fraud through Capital Share Research Advisory Company.
Doubling the money: Two constables arrested in indore.
Indore SP Ashutosh Bagri said that the accused Pankaj Khanchandani has cheated hundreds of people of crores of rupees in the name of doubling the money.
Accused Pankaj Khanchandani was operating an advisory company named Capital Share Research in Indore from the year 2018. Accused Pankaj has cheated crores in the name of doubling the money in Indore, Ujjain, Khargone and other districts also.
Vijay Nagar police station in-charge Tehzeeb Qazi told that the accused has cheated crores of crores till now in many areas.
In the initial phase, information has come to the fore that till now they have cheated 6 to 7 crores. After the arrest, the complainants are coming forward.
Cheated hundreds of people of crores of rupees in the name of doubling the money.
According to Indore Police, the different thing in this case is that Pankaj Khanchandani included constable Mahendra Srivastava posted in Indore Court with him.
Mahendra introduced his 9 companions to Pankaj Khanchandani. Pankaj promised them to get at least 15% return. The soldiers did not have money, for this Pankaj Khanchandani got a loan of fifty six lakh rupees to the soldiers and grabbed the entire money.
After seeing the news and photo of Pankaj Khanchandani’s arrest in the newspaper, all the complainants narrated their ordeal at Vijayanagar police station.
Thereafter an application was made against the accused. On this basis, Vijayanagar Police has registered another cheating case against the accused.
A case of cheating of 5000000 rupees has come against guest teacher Vinita Chauhan.
A case of cheating of 5000000 rupees has come against guest teacher Vinita Chauhan, resident of Alakhnandanagar.
Vinita Chauhan had lodged a case in Nanakheda police station but the accused could not be arrested.
It was told in the complaint that Pankaj Khanchandani, resident of Sukhlia Indore and Mahendra Goswami, resident of Sanawad, operated an advisory company named Capital Share Research in Indore.
He took 50 lakh rupees from Ujjain resident teacher Vinita Chauhan by luring him to earn good money in the stock market in 11 months.
Another accomplice of the arrested accused, Piyush Chaurasia, a resident of Sagar, had come to Indore in 2015. Was working as an agent of SBI Life Insurance.
That’s why Piyush used to sit in the bank. He used to target such senior citizens.
Those senior citizens who used to come to the bank to get FD of rupees, used to get those senior citizens invested in the fake company by luring them to return 15% every month.