TVI Express owner Tarun Trikha arrested in India again

TVI Specific was a journey themed pyramid scheme that collapsed years in the past.

The scams largely Indian victims proceed to hunt justice towards the scheme operator, Tarun Trikha.

To that finish Trikha has been arrested once more by the police in Delhi.

I say once more as a result of Trikha (proper) was arrested again in 2013, by the Legal Investigation Division (CID) in Kolkata.

5 years later prison fees had been filed towards Trikha by the Central Bureau of Investigation.

Since then we’ve heard nothing, up till Trikha’s current rearrest.

On October thirtieth the Delhi EOW put out a press-release confirming Trikha’s arrest. The arrest happened following a criticism by a TVI Specific sufferer, who claims to have misplaced ~$30,000 USD.

As per the press-release, Trikha

integrated a number of corporations, specifically V2 Worldwide Pvt. Ltd, TVI Specific (and) V2 World Providers Pvt Ltd … (in) New Delhi and egnaged within the enterprise of share buying and selling, portfolio administration, commodities buying and selling, holidays packaging and Air Ticketing and so forth. with out taking any authorized sanction and approval as required beneath legislation.

Tarun Trikha has misappropriated/cheated cash of a number of crores from many victims.

Trikha has been charged beneath the Prize Chit and Cash Circulation Scheme (Banning) Act.

The press-release additionally famous seven extra instances towards Trikha. These instances have been filed in Paschim Medinipur (West Bengal), Siddapura (Karnataka) and Kolkata.

From the case numbers, the instances seem to have been filed throughout 2011, 2013 and 2018. The present standing of every particular person case is unknown.

Whether or not the brand new Delhi case can even play out for a decade is unclear. Ditto whether or not Trikha’s arrest will really stick this time.