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![Fraud: A huge fraud of Rs. 300 crores in America... A man of Indian origin has been arrested](https://d2zfbyesi0qka0.cloudfront.net/wp-content/uploads/2022/07/Indian-Origin-Man-Arrested-In-US.jpg)
A man of Indian origin has been arrested by the police for committing a huge fraud in the superpower America. An American court has revealed that Neelchandran (50), who lives in Las Vegas, has committed a fraud of more than Rs.300 crores. The court investigation found that Neelchandran cheated about 10,000 people by promising high income to the investors in his companies. He was detained by the police as per the orders of the court. Neel Chandran, who claims to be a tech entrepreneur, exposed the Gharana fraud. He believes that investing in virtual reality technology companies such as Pre VI Lab, ViDai Incorporated, VI Delivery Incorporated, VI Market Incorporated, Scalex USA Incorporated and other virtual reality technology companies under the parent company Virsey will provide high profits.
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But only if his company has wealthy buyers will the investors get income. But Chandran’s company does not actually have any such wealthy buyers. He cheated those who invested in his company by creating wealthy buyers who didn’t exist. Actually, it turned out that no rich people came forward to buy Neil Chandran’s companies, it was all bogus. It was revealed that Neel Chandran had diverted a large part of the collected money to other businesses, besides using it to buy luxury cars and real estate activities. The police filed a charge sheet against him. If he is found guilty, he will be imprisoned for life. A total of 3 fraud cases and two more cases of illegal transactions have been registered against him.
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