7 Luxury Cars, 14 Cr In Cash, Jewellery Recovered From BSF Officer Arrested For Rs 125 Cr Fraud

A BMW, Jeep and Mercedes were among the seven luxury cars the Gurugram Police recovered, on Sunday, from the residence of BSF Deputy Commandant Praveen Yadav, who was arrested in connection with a Rs 125 crore fraud case.

Besides luxury cars, the police also found Rs 14 crore in cash and jewellery worth Rs 1 crore from Yadav's residence.

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The Gurgaon police has also arrested the officer's wife, Mamta Yadav, sister Ritu and an accomplice in connection with the case.

According to the police, Yadav who was posted in the National Security Guard headquarters (NSG) at Manesar in Gurgaon district cheated people by posing as an Indian Police Service officer.

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"Praveen Yadav, the deputy commandant of BSF, his wife Mamta Yadav, sister Ritu and one close aide Dinesh were also arrested by the police. When he cheated the innocent persons, he was posted with NSG on deputation. He had transferred whole amount in an account which he opened in the name of NSG. His sister Ritu is manager at Axis Bank. She helped him in opening the account," said a police official.

The high-ranking officer resorted to cheating after he reportedly suffered a loss of Rs 60 lakh in share market.

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"Yadav allegedly cheated a number of people to the tune of Rs 125 core, on the pretext of providing them tenders, while impersonating himself as an IPS officer, during his posting with NSG at Manesar," said a Gurugram Police officer.

Yadav had opened a private firm with his wife as one of its directors and roped in his sister Rituraj, in his plan.

Using fake letterheads and NSG seals, he got also two bank accounts opened in the names of his firm and the NSG and began duping people on the pretext of giving them various work, like building an internal road, a sewage treatment plant (STP), a warehouse and a residential complex inside the NSG centre.

Yadav had recently given a transfer order to Agartala. But since he had already collected huge wealth by cheating others he resigned from the post.

Gurugram Police arrested @BSF_India Deputy Commandant Praveen Yadav his sister Ritu Raj who is manager in @AxisBank and four people including wife for duping ?65cr in the name of getting tenders in @nsgblackcats. @gurgaonpolice has arrested the accused.13.81cr was recovered from pic.twitter.com/A05tv1YGeI

¡ª Journalist Siraj Noorani (@sirajnoorani) January 13, 2022

The crime came to light after Narayan Das Israni, a builder approached the police against Yadav on January 8, alleging that he was cheated of Rs 65 crore by the accused on the pretext of providing him different tenders.

Israni was also allegedly given fabricated allotment letters of tenders by the accused. He had also mentioned the name of Ritu Yadav in his complaint that she was assisting her brother in the crime.

This was followed by another complaint on January 9 by another builder Davinder Yadav who too alleged that on a similar pretext, Yadav took Rs 37 crore from him. Three more similar complaints were filed against Yadav subsequently.

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