A deputy commander of the Border Security Force is in the dock for allegedly orchestrating a Rs 140 crore scam in Gurgaon. A Special Investigation Team (SIT) has discovered that the main defendant, Praveen Yadav, allegedly posed as an IPS officer on the campus of the National Security Guard in Manesar and allegedly defrauded contractors under the pretense of bidding for construction work on the campus to forgive.
Police have seized Rs 13.81 crore in cash and six luxury cars (Harrier, Range Rover, Jeep, BMW, Safari and Volvo) from his possession. Earlier this week police raided the home of one of Yadav’s relatives and seized over Rs 1 crore worth of gold. The relative flees.
Yadav was arrested on January 13 along with his wife Mamta Yadav, his sister Ritu Raj Yadav and an associate, Dinesh Kumar. Police said they received five complaints from five construction company owners that he allegedly gave forged letters of intent and tender contracts and tricked them into depositing money into a private bank account on behalf of the “GC (Garrison) Station HQ, NSG office.” Manesar” as earnest money for the tender allocation.
Gurgaon Police Spokesman Subhash Boken said the investigation found that Yadav was stationed at the NSG campus as a deputation in 2021 and, as he was involved in construction work, was in contact with several contractors and was aware of the bidding processes. “He had suffered a loss of Rs 50 lakh in the stock market and decided to recoup his losses by cheating. He told the contractors he would offer them lucrative contracts to build roads, fences, install utility poles and solar panels on the NSG campus. He used to drive luxury cars to impress people and build a relationship with them,” Boken said.
Police said his sister and brother-in-law lived on the NSG campus and with the help of his sister, who worked in a private bank, Yadav allegedly managed to open a fraudulent bank account and have money transferred. He had also opened a company and appointed himself, his wife and sister as directors, police said.
A police officer said: “Because he was formerly stationed at the NSG, he was able to enter the campus with his ID card. He told contractors he was an IPS officer and issued bogus job assignment letters, wage statements and work permits on NSG letterheads. He had applied for voluntary resignation from the BSF and was planning to flee.”