Madhotal police busted a chit-fund company involved in duping several farmers in the name of providing company’s dealership. Police have nabbed one of the accused and retrieved cash of Rs 25.70 lakh, five mobile handsets and a car from him. The arrested has been identified as Suraj Tiwari (28), son of Vansh Gopal Tiwari, native of Gorakhpur in Uttar Pradesh who had introduced himself as Ratnesh Singh for duping the farmers.

Superintendent of Police, Tusharkant Vidyarthi (IPS) disclosed this while addressing a press conference, on Friday.

SP Vidyarthi informed that a man named Vivek Puri (28), resident of Sontalai in Madhotal, lodged a written complaint that Shivansh Pandey who was working with Ratnesh Singh reached his home and petrol pump since some months and planted some saplings.

Soon after, Shivansh allured him to give district level dealership of his company named National Agri Business and his office is situated at Shriram Parisar, Katangi road near Sona Marriage Garden. He detailed him about the business of agriculture products on monthly rent of Rs 28,500 and salary of a salesman Rs 12,500 and monthly mobile allowance of Rs 299. He agreed for taking the dealership when Shivansh Pandey, who was working as Area Manager in the company of Ratnesh Singh arrived to meet him and asked for security deposit of Rs 5 lakh and they will supply him stock worth Rs 13.50 lakh and his security deposit of Rs 5 lakh will be refunded in next couple of months. He gave cash of Rs 25,000 on April 9 and cheque of Rs 2.45 lakh on May 2 and second cheque of Rs 2.30 lakh of Bank of Maharashtra, Benikhera Branch on the same day. Ratnesh Singh also gave him cheque of Rs 5 lakh of National Agri Business as security of his deposit.

Thereafter, S K Mishra working as Area Manager of Ratnesh Singh’s company arrived and told about supplying Urea, DAP and other products and said for transferring 25 per cent of the payment through RTGS. He had transferred Rs 5.80 lakh as 15 percent of the payment to account of National Agri Business Company. Vivek Puri charged that the culprits named Ratnesh Singh, SK Mishra and Shivansh Pandey duped him with Rs 10.80 lakh under a conspiracy. Madhotal police registered a case under Section 420 of IPC and Section 3(1) and 4 of Debtors Protection Act. In further investigation, police found that along with Vivek Puri Goswamy, the same company had duped several persons with lakhs of rupees. Taking a serious note into the forgery cases, SP, Vidyarthi constituted a team led by SHO, Rina Pandey Sharma. Continuing a thorough search, police have succeeded in apprehending one of the accused named Ratnesh Singh whose real name is Suraj Tiwari with the help of Rewa police in Civil Line, Rewa while a rigorous search is underway to apprehend other accused involved in duping cases.