Lucknow: Sant Kabir Nagar police have issued a property attachment notice against Satya Prakash, an accused in an alleged Rs 30-crore investment fraud in which investors were duped on the promise of lucrative returns from the stock market.Five accused have been arrested so far in the case registered at Mahuli police station, while the investigation has identified Dhananjay Shukla, a resident of Kushinagar, as the alleged mastermind of the gang.According to the investigation, the accused allegedly collected money from investors by promising them substantial profits from stock market investments. The case came to light after allegations emerged that investors had been cheated of approximately Rs 30 crore.During the investigation, police allegedly found that Satya Prakash, a resident of the Mahuli police station area, had purchased property worth approximately Rs 30 lakh using money obtained through the alleged fraud.A property attachment notice has been issued against him as part of the legal proceedings. Satya Prakash is currently lodged in the district jail, and the notice has been served on him.Another accused, Vikrant, who is also a resident of the Mahuli police station area, is alleged to have amassed property worth approximately Rs 4 crore using the proceeds of the investment fraud. Proceedings for the attachment of his property are pending before the court.“The investigation is underway. Further action is being taken in accordance with the facts emerging during the probe,” said Abhay Nath Mishra, Circle Officer, Dhan Ghata.
