Business Standard

Wave Group VC arrested in 100 cr fraud case

IANS  |  New Delhi 

Singh Chadha, the Vice Chairman of the Wave Group, has been arrested in connection to a Rs 100 crore fraud case, a said here on Thursday.

The Economic Offences Wing (EOW) of the arrested on Wednesday at the national capital's while trying to escape to Thailand, of the EOW, told IANS.

Before his arrest, the airport's security staff and immigration officers were alerted and Look a Out Circular (LOC) was issued against

had registered a case against in connection with the case including other promoters of Wave Group, Chaudhary said, adding that it was stated in the FIR that the group duped buyers of over Rs 100 crore and made wrongful gains to the company on the name of promising a Hi-Tech township project at NH-24.

--IANS

sp/ksk

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 13 2019. 11:28 IST
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