Jawed Habib's Delhi Residence Raided In Investment Fraud Case, Police Issue Non-Bailable Arrest Warning As Hairstylist Remains At Large

The Uttar Pradesh Police raided the Delhi residence of celebrity hairstylist Jawed Habib, located in New Friends Colony, on Wednesday. However, sources confirmed that neither the hairstylist nor his son was present at the premises at the time.

Krishna Kumar Vishnoi, Superintendent of Police, Krishna Vishnoi, Sambhal, sternly warned about a non-bailable arrest warrant to be issued against all those who evaded questioning in the matter linked to an investment fraud case. Jawed Habib has been absconding ever since the case came to light. The police sources have also informed that the stylist was summoned for questioning on October 12, but he failed to appear for it and sent his lawyer instead. Appearing for him, Habib's lawyer told the police that the required documents could not be produced at the moment. As per reports, after conducting searches in Delhi, the police will now raid the stylist's residence in Mumbai.
 

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What is the Jawed Habib investment fraud case?

Cases have been registered in the Sambhal district of Uttar Pradesh against celebrity hairstylist Jawed Habib, his son Anos and one other person, Saiful. They are facing 32 FIRs for allegedly defrauding hundreds of people. Reports suggest, the trio embezzled over ₹7 crore from hundreds of people by promising attractive profits of 50 to 70% through a Bitcoin investment scheme. Station House Officer Bovindra added that only 33 complaints have been filed so far, but it is estimated that over 150 people have fallen victim to this fraud.

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The victims told the police that they were lured into investing in a company at a meeting held on August 24, 2023, at the Royal Palace, Sarayatrain. They were given false assurances that any losses would be solely the responsibility of Jawed Habib and his associates. This led to a large number of investors being trapped and investing substantial sums in the scheme.