Hello Taxi’s run in with law enforcing agencies began in June 2019, when an FIR was filed against its holding company SMP Impex Pvt Ltd for cheating. But after nearly two months of manhunt, the company’s director Daisey Menon was arrested on Tuesday from tony resort in South Goa. Menon has been on the run after a Delhi court named her an offender.
Menon is accused of cheating over 900 investors of INR 250 Cr promising them up to 200% returns, on a monthly basis. Police have also seized Menon’s Volvo car and she was produced before the court.
Officers of Delhi Police’s Economic Offences Wing (EOW), which arrested Menon said she drew investors after pitching a multi-level marketing (MLM) scheme. “They used to organise event meetings and seminars at five-star hotels. The company employed smart and eloquent persons. The accused woman director also used her hospitality industry background and social status to impress and influence the victims,” said Joint Commissioner of Police (EOW) O P Mishra.
According to a police complaint lodged in 2019, the woman and four co-directors in the company Saroj Mahapatra, Rajesh Mahto, Sunder Bhati and Harish Bhati duped people after promising higher rates of interest. However, Mahto was arrested on August 23. It initially paid returns to the investors to win their confidence, but later stopped the payments after collecting a huge amount, Mishra said.