The founder and CEO of Yepme.com, Vivek Gaur, has been arrested seven months after being declared a proclaimed offender in an alleged case of economic fraud, the Delhi Police mentioned Wednesday.
The 55-year-old was arrested from a flat in DLF Crest, Sector-54, Gurgaon, police mentioned. In accordance with police, Gaur, alongside along with his affiliate Sandeep Sharma, began VAS Knowledge Service Personal Restricted (Yepme.com) in 2011, a web-based procuring firm specialising in attire for women and men. It was headquartered at Proper Wing, 2nd flooring, Orchid Centre, Golf Course Street, Sector-53, Gurgaon. Gaur was CEO whereas Sharma acted as COO.
“The corporate used to take uncooked materials from numerous small firms in Delhi/NCR and in lieu of that, issued cheques to those firms. The agency declared itself bancrupt and closed up, leading to due funds and bounced cheques,” Deputy Commissioner of Police (South-west) Surendra Chaudhary mentioned.
The insolvency additionally led to traders’ cash being caught with Gaur and Sharma, resulting in a number of instances being registered in opposition to the corporate and the founders in a number of states below the Negotiable Devices (NI) Act, for dishonoring cheques, a police officer mentioned.
“Recent non-bailable warrants had been issued in opposition to each Sharma and Gaur on September 28. On October 15, data was acquired that Gaur was in Gurgaon and he was arrested from a flat,” mentioned DCP Chaudhary.
Sharma is on the run and a search is on to search out and arrest him, a police officer mentioned.
