4B Networks founder Rahul Yadav files for anticipatory bail in cheating case
4B Networks founder Rahul Yadav, who was booked by the Mumbai Police in a cheating case, has filed an anticipatory bail application (ABA) before a sessions court on Monday.
The city police’s Economic Offences Wing (EOW) probing the matter opposed the ABA, contending that Yadav failed to join the investigation on at least two occasions. An intervention application was filed by the complainant.
The court will hear the matter on Tuesday.
Late last week, based on a request made by the Mumbai police, a look out circular (LoC) was opened against Yadav. The city police booked Yadav, his associate Sanjay Saini and the company 4B Networks, for cheating, criminal breach of trust and common intent of the Indian Penal Code (IPC) based on a complaint registered by a Rajasthan-based businessman.
An LoC is a circular letter used by authorities to check whether a travelling person is wanted by law enforcement agencies. A person against whom an LoC is issued cannot travel outside the country.
The first information report (FIR) was registered after the preliminary enquiry (PE) conducted by the police found substance in the allegations levelled.
Yadav and Saini were called in during the course of the PE, sources added.
In his complaint, Vikas Om Prakash Nowal has alleged that between February 2022 and September 2022, 4B Networks offered installation printing, hoardings, display and other advertising-related services, and a total of 83 advertisement hoardings were put up by Nowal's company in different places in Pune from April to August last year, for which the company failed to pay despite repeated follow-ups.
“The hoardings were in connection with an ad campaign run by 4B Networks under the tagline, 'I sold my home'. The services had
