Mumbai Crime: Master fraudster enjoys lavish transit by bribing Police team

Master conman Shekhar Chandrashekhar has been lodged in Tihar Jail and yet he has managed to make a mockery of our legal system After promising courts of repaying the Rs 20 crore he swindled from 500 investors he bought an expensive watch luxury cars and stayed in fivestar hotels during a recent weeklong transit tour simply by bribing his sevenmember Delhi Police escort team which was chaperoning him to Mumbai Coimbatore and Bengaluru to attend court datesAlso read Victims of conman Shekhar Chandrashekhar reveal what makes him the bestShekhar ChandrashekharAll seven members of the Delhi Police escort team ferrying Chandrashekhar between October 9 and 15 were dismissed from service a couple of days ago Sources said the 30 lakh watch and two of the three highend cars Chandrashekhar bought were seized from him along with 30 lakh cashAlso read Was conman Shekhar Chandrashekhars Rs 50crore deal ruse to raise bail amountDirector General Income Tax Department investigation Bengaluru Bala Krishnan told midday For all these purchases he paid by cash which he arranged for with the help of his aides We have informed the Delhi Police in detail about his wrongdoings when being escorted by their menAlso read From Mumbai to Delhi Master conman Chandrashekhar strikes againAfter IT departments tipoff the Delhi Police swung into action and suspended the seven policemen of the escort party A highlevel inquiry found that all had indulged in misconduct to favour Shekhar guilty of all charges levelled against them They were dismissed from service under Article 3112b of the Constitution of India said Deputy Commissioner of Police Delhi Police D K SinghAlso read Master conman who cheated 500 Mumbaikars of Rs 19 crore set freeThe trail of crimeIn 2014 Chandrashekhar floated a ponzi scheme in Mumbai and duped nearly 500 of 20 crore In June 2015 he was arrested by the Mumbai Economic Offences Wing He gave numerous assurances to the MPID court Bombay High Court and even the Supreme Court of repaying his investors He however failed to deposit 195 crore for the same as per his undertaking in Supreme Court for bail Subsequently on December 16 2016 his bail was cancelledAlso read Mumbai Master conman slapped with 18th FIR after he tries to dupe high courtThe Delhi Police arrested him for acting as a middleman and trying to influence senior Election Commission officials to allow T V V Dhinakaran to grab the partys twoleaves symbol for his faction in AIADMKVictims outragedThe people he duped in Mumbai were shocked on coming to know of his latest antics while being taken from city to city for court hearingsAlso read SC orders Ponzi scheme operator to return Rs 19 crore to investors in four monthsExpressing his anger Hashim Khan who is said to have lost 175 crore to Chandrashekhar said He cheats everyone he meets He has no intention of returning the money to his victims Another victim Aditya A from Bengaluru said Shekhar is the biggest fraudster of all time He will keep making a mockery of the legal system by claiming in court that he will return the money but he wont A Mumbai Police officer who investigated Chandrashekhars case said he could cheat anyone with his web of liesAlso view Rhea PillaiLeander Paes court battle Latest developments