LUCKNOW: The Economic Offences Wing (EOW) on Monday arrested a wanted accused in connection with the multi-crore Shine City Infra Project Private Limited fraud case.
The accused, identified as Nekpal Singh alias Nikki, was apprehended by an EOW team from the Krishna Nagar police station area of Lucknow.
According to Economic Offences wing, Shine City Infra Project Private Limited allegedly duped investors across several districts of Uttar Pradesh by enticing them with schemes offering low-cost residential plots and other lucrative benefits. The company collected crores of rupees from the public but failed to allot plots or return the invested money.
Following the alleged fraud, the company’s directors and senior officials shut down their offices and went absconding. Nekpal Singh, son of Baijnath Singh and a resident of Gagan village under Mal police station limits in Lucknow, worked as an associate at the company’s Lucknow office located at R Square, Vipul Khand.
In this role, he allegedly misled investors and persuaded them to invest money by promising to double their funds within a few months. In connection with the case, an FIR was registered at Gomti Nagar police station, Lucknow, under sections 409 (criminal breach of trust), 420 (cheating), 467, 468, 471 (forgery-related offences) and 120-B (criminal conspiracy) of the IPC in 2020. The investigation was initially conducted at the district level but was later transferred to the EOW on govt orders due to the scale of the fraud.
Police said Nekpal was absconding since the registration of the case and even changed his identity to evade arrest. At the time of his arrest, he allegedly worked under the name Harshit Singh, son of Baijnath, with a real estate company named “Win-More”.
