Key Points
Deepti, who is in her 40s, has been absconding since the first cases in the scam were filed in 2019..
Her husband Sanjay Bhati and his family members incorporated a real estate company called Garvit Innovative Promoters Limited (GIPL) in 2010 in Greater Noida and Deepti became a director..
The Enforcement Directorate initiated a money-laundering investigation into the scam on the basis of various FIRs registered at Dadri police station against GIPL, Sanjay Bhati and others..
The Meerut economic offences wing, which is probing the case, estimates lakhs of people were defrauded of nearly Rs 4,500 crore with more than 250 cases registered across the country, according to a TOI report..
It had said the funds collected by Deepti and her husband were used for repayment to investors who had invested in similar ponzi schemes floated by the company, acquisition of other companies, purchase of a resort in Kullu as well as creation of various movable and immovable assets in the name of various other companies, and transferred to various other companies and individuals as loans and investments without proper documentation...
