Bike taxi firm director held for investment fraud

Representational picture

Noida: The Noida Police on Thursday arrested a director of a motorcycle taxi firm, Bike Bot, in connection with an investment fraud, officials said.

Vijaypal Kasana is one of the directors and franchise head of Garvit Innovative Promoters, more popular as Bike Bot, and he was arrested from Meerut by a joint team of the Economic Offences Wing and SWAT of the Noida Police, they said. "The company has at least 33 cases registered at police stations in Gautam Buddh Nagar on complaint by investors," a police spokesperson said.

"Kasana had got injured in a road accident and was admitted to a hospital in Meerut yesterday (Wednesday). Based on this input, the Noida Police today arrested him from Meerut," the official said. According to officials, Sanjay Bhati is the main accused in the Bike Bot investment fraud and is absconding with his other associates. Bhati, along with his associates, has allegedly duped thousands of investors after promising them good returns against investment in their motorcycle taxi scheme, they said.

Top news stories of the day

• Mumbai doctor's suicide: Dr Payal Tadvi had no friends in her own department, say batchmates
• Gadchiroli blasts: Elderly parents worry about the future, as slain sons' wives get compensation
• Mulund society secretary booked for animal cruelty
• Mumbai: Esplanade Mansion's electricity meters removed ahead of its demolition
• Mumbai: BMC shuts two crucial foot overbridges at King's Circle
• 'Volunteers to comb forests for snares to prevent deaths of animals'
• Majeed Memon: Preserving Esplanade would mean protecting Kala Ghoda's history
• 8th Board Result 2019 RBSE: Rajasthan Results today at 4 PM, check at rajeduboard.rajasthan.gov.in
• SSC Result 2019: Maharashtra 10th Results to be out today at mahresult.nic.in

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get the latest updates