Uttar Pradesh STF got a big success on Saturday. STF has arrested the MD of Hello Ride Company from Lucknow. Rajesh Pandey, MD, Hello Ride, is accused of duping investors by creating a fake company. A reward of 25 thousand rupees was announced on Rajesh Pandey.
STF arrested Rajesh Pandey, General Manager of Hello Ride from Vibhuti Khand area of Lucknow. Like a bike boat, Rajesh cheated people by forming a company in the name of Hello Ride in Lucknow and Kanpur.
Company absconding with Rs 100 crore
The company had promised to give Rs 9582 every month for a year by depositing 61000 from the people. Under this bluff of the company, investors invested crores of rupees in the company. It is alleged that the company has absconded by depositing Rs 100 crore. There are 25 cases registered against Hello Ride in Lucknow’s Vibhuti Khand police station itself. Right now the police is looking for the owners of the company Nikhil Kushwaha, Abhay Kushwaha, Neelam Verma, Azam Siddiqui.