The CBI has unearthed a Rs 15,000 crore ‘Bike Bot’ scam involving a Noida-based firm and its promoter Sanjay Bhati.
In Short
- Bhati’s firm launched ‘BIKE BOT’ scheme in August 2017
- Investors were promised massive return on their investments by the company
- CBI also suspects that senior police officials pressurised complainants to withdraw their complaints
A new scam, much bigger than the infamous Punjab National Bank (PNB) scam, has been unearthed by the Central Bureau of Investigation (CBI). The ‘Bike Bot’ scam, being operated from Uttar Pradesh’s Noida, is estimated to be worth over Rs 15,000 crore.
The CBI believes that Sanjay Bhati, a resident of UP, allegedly duped over two lakh investors to the tune of Rs 15,000 crore through a very simple investment scheme.
Read full story here https://www.indiatoday.in/india/story/cbi-bike-bot-scam-garvit-innovative-promoters-noida-sanjay-bhati-1872644-2021-11-02
