- Authorities including the company’s CMD and MD have been sued in several cities
- Allegations of cheating through investment in other schemes including purchase of land and flats
Varanasi. Amitabh Srivastava, the director of Shine City, a company that lays billions of rupees by luring people to double their wealth in a short time through various schemes, is finally arrested from Delhi. The police brought him from Delhi to Varanasi. According to the caught director, the company’s CMD Rashid Naseem has fled to Dubai. It is alleged that Shine City looted billions of rupees from people in the name of other schemes including investment and purchase of land and flats in two to three years. In these cases, 32 cases are registered against the company’s CMD Rashid Naseem, MD Asif Naseem at the Cantt police station itself.
Shine City has been facing fraud cases for nearly a month in Varanasi against some of its officials over allegations of fraud for a long time, but till now the police could not arrest anyone. Varanasi Cantt CO Abhimanyu Manglik has told the media that along with the arrested Amitabh Srivastava, the company’s CMD Rashid Naseem and Asif Naseem alone have 32 cases registered at the Cantt police station alone. There is a complaint of cheating of Rs 60 to 80 crores against them in the cases registered in the cant station. The police had been involved in the arrest of the accused in these cases for a long time.
As soon as the police came to know that the director of the company Amitabh Srivastava had stayed in a hotel in Delhi, she was immediately alerted. Cantt Inspector Rakesh Kumar Singh, SI Tarun Kashyap, Nadesar Outpost Incharge Ashok Kumar and Constable Ramanand Yadav reached Delhi and arrested Amitabh with the help of Delhi Police. According to the police, they have received many important information from the arrested director Amitabh. According to him, the company’s CMD Rashid Naseem has fled to Dubai. There have been many cases of cheating in many waters including Varanasi, Lucknow and Mirzapur against many people associated with the company including MD.