Ponzi scheme: Absconding firm director nabbed
Mohmamd Shoaib Diwan (28) of Fatehwadi, who was on the run for over a year, was trapped in the early hours of Wednesday when he came to meet his ailing grandmother, police said.
According to the DCB, Aaliya Enterprise was started in 2010 by former DCB constable Nizamuddin Saiyed’s son Raja. Shoaib and Raja were working in partnership in this firm. After investigations in the case started, Nizamuddin was transferred to the city police headquarters.
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