LUCKNOW: The Economic Offences Wing (EOW) arrested a woman on Monday in relation to the Shine City real estate scam, which allegedly defrauded investors of crores of rupees across multiple districts in Uttar Pradesh.
According to an EOW press release, the accused has been identified as Preeti Singh from Jankipuram. She was employed as a human resources officer at Shine City’s office in Vibhuti Khand, Gomtinagar, and acted as an authorized signatory for buyers’ agreements on behalf of the Shine City Group.
Shine City Infra Project Pvt Ltd reportedly attracted investors with offers of low-cost residential plots and appealing investment schemes in various districts of Uttar Pradesh. Investors were convinced to invest substantial sums of money with promises of land allotment and high returns, but the company allegedly failed to deliver plots or refund the invested amounts.
The arrest of Preeti Singh has accelerated the ongoing investigation. Officials stated that in her official role, she signed buyers’ registry and agreement documents, significantly contributing to fraudulent transactions and validating the company’s dealings with investors.
