New Delhi: The Enforcement Directorate (ED) on Monday conducted searches at the Noida premises of Samajawadi Party (SP) Dinesh Kumar Singh alias Dinesh Singh Gujjar. The ED sleuths are understood to have found incriminating documents from his premises, in connection with Bike Bot scam.
Dinesh Kumar, SP state secretary in UP, was arrested and remanded to five-day custody of ED days ago, over money laundering charges. According to reports, the SP leader was pressurizing & extorting money from those booked under PMLA case in the infamous bike bot scam. He used to contact them, gave them false assurances of settling their PMLA cases while flaunting his political position.
The investigating agency, in its probe found that Dinesh Singh Gujjar used his network to identify & locate the beneficiaries of Bike bot scam and then pressurize them to extract money. By bragging his political position and ‘connection with some agency officials’, he garnered proceeds of crime generated through Bike Bot scam. He was arrested by the agency sleuths on 21st July and Special Court granted his ED custody for 5 days.
The ED started tightening its noose around the SP state secretary, based on UP Police FIR, which was registered after complaints by the investors of Bike Bot fraud, committed by Garvit Innovative Promoters Ltd. (GIPL), Sanjay Bhati and other persons.
ED investigation revealed that in 2017, the accused Sanjay Bhati and others floated lucrative investment scheme in the name of BIKEBOT. As per the scheme, customers were told to invest in 1,3,5 or 7 bikes whose operation & maintenance cost was borne by the company and the investors would be paid monthly rental, EMI and bonus.
Further probe revealed that this money was diverted to a PONZI scheme and also in creating illegal assets for the company.
