One more arrested in Rs 3,500-crore ‘Bike Bot’ scam

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NOIDA (UP): A man wanted in connection with the Rs 3,500-crore ‘Bike Bot’ scam was arrested by the Uttar Pradesh Special Task Force (STF) from Greater Noida, officials said on Tuesday. Lalit Bhati has 56 cases linked to the scam lodged against him at a police station in Gautam Buddh Nagar’s Greater Noida, they said. … Read more

Enforcement Directorate attaches properties worth more than Rs 103 crore in Bike Bot scam

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LUCKNOW: The Directorate of Enforcement, Lucknow zonal office has attached movable and immovable assets to the tune of more than Rs 103 crore in the case of “Bike Bot”- a ponzi scheme floated by Noida-based Garvit Innovative Promoters that has allegedly duped over two lakh investors of Rs 3,000 crore in multiple states. A total … Read more