The Delhi Police has arrested a 42-year-old man from Maharashtra's Nashik for allegedly cheating people to the tune of nearly Rs 1,000 crore on the pretext of selling them flats in Noida, officials said on Friday.
The accused has been identified as Piyush Tiwari alias Puneet Bhardwaj, a resident of Uttar Pradesh's Noida who was currently residing in Nashik, they said.
He was wanted in more than 30 cheating cases in Delhi, Uttar Pradesh and Punjab. Police had announced a reward of Rs 50,000 for information leading to his arrest, they said.
On Sunday, police received a tip-off that Tiwari was residing in Nashik. They started following him and caught him on Tuesday, Deputy Commissioner of Police (North) Sagar Singh Kalsi said.
During interrogation, Tiwari disclosed that he started his business as a builder in 2011. He had created around eight companies along with 15-20 shell companies till 2018. In 2016, the Income Tax department had raided his house and seized around Rs 120 crore, the police said.
He sold one flat to multiple buyers and collected money from them. Several cases were registered against him and he fled to Nashik, they said.
Tiwari initially started an advertising agency in Delhi-NCR. Later, he sold the agency and invested money in building flats in Noida, the police said.
His wife was also involved in multiple cheating cases and is presently lodged in jail, they said.
Woman, Her Friend Check Into Delhi Hotel, Both Found Dead Days Later Premature Baby Girl's Body Found On Terrace In Delhi: Police Four People Pose As Cops, Rob Students At Gunpoint In Delhi Pics: Rahul Gandhi's Family Lunch At Iconic Delhi Restaurant 3 Khalistani Terrorists, Who Attacked Punjab Cops, Killed In UP Encounter Donald Trump Appoints Indian-American, Elon Musk Aide As AI Advisor Who Is Sriram Krishnan, Indian-American Appointed Donald Trump's AI Advisor Thepla And A Drink: Liquor On 1st Surat-Bangkok Flight Runs Out, Officials Say... "Ran For My Life": Gurgaon Woman Shares Traumatic Experience With Ola Cab Track Latest News Live on NDTV.com and get news updates from India and around the world.