Chairman of Vardhaman Group defrauded of Rs 7 crore, 1 accused arrested, Rs 6 crore recovered

When SP Oswal got wind of this fraud, he lodged a complaint with Ludhiana Police.

Vardhman Group Owner Cheated Rs 7 Crore News In Hindi: SP Oswal, chairman of the famous textile spinning company Vardhaman Group, has been defrauded of Rs 7 crore. In the name of Supreme Court order, fraudsters fear arrest and defamation. They sent fake warrants to seal the properties and arrest them. After which money was taken from them.

When SP Oswal got wind of this fraud, he lodged a complaint with Ludhiana Police. The police have registered a case against the accused and arrested a thug and have also recovered Rs 6 crore. Apart from this, the search for other accused is going on. At present the police has not given any information in this regard. It is believed that soon the police will make revelations in this matter.

Vardhaman Group owner SP Oswal has been honored with the Padma Bhushan award by the Central Government in the year 2010. Vardhaman Group is one of the famous companies of the country. Today this group has many branches not only in India but also in foreign countries.

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