Guru Con, who cheated investors
months and then flee with their money. Investigating officials say Ulhas, who went by the name of Lokeshwar Dev in Delhi, pretended to be a stock market expert.
At their four-bedroom flat in Ircon Apartments in Delhi’s Dwarka Sector 18 A, many of the residents are still not certain if the couple whose photographs are being splashed in newspapers are the ones who had lived next door. The couple had bought Flat No. D 209 in the upmarket housing society. Manesh Krishna H, who lives in an adjoining flat, says, “I never saw them but I would see tall muscular men guarding their vehicles in the parking lot.”
Apart from the apartment they lived in, the couple had bought eight other flats in Dwarka.
The victims
From giving holiday packages abroad to those who invested large sums to holding seminars in five-star hotels, Ulhas and Raksha performed the con trick with ease. They holidayed in Mauritius, Macau and Bangkok and sometimes also took their clients along. Sunil Kumar, on whose complaint a case was registered against them in Delhi, says, “I never met the couple. I was in touch with their staff, who were really impressive in the way they spoke and dressed up.”
Ankur Sachdeva, who had invested Rs 12 lakh in the firm, says he had received a number of texts from the company asking him to deposit money and promising high returns. Gurgaon resident Sunil Singh, who invested Rs 1.6 crore in the company, had sold his ancestral land and
