Free Press Journal

Chit fund company accused of swindling money


Ujjain : A complaint has been filed against a local chit fund company of fleeing the town without paying the money and interest to depositors after five years.

The complaint was filed by victim Bharat Singh, resident of Dewas, at Madhav Nagar police station where an FIR was registered against Maharashtra Business Promoters India Limited Company directors Rahul Saxena, resident of Indore, Rajendra Saxena, resident of Sehore and Ajay Saxena, resident of Sehore under Section 420, 409 and 37 of Indian Penal Code. According to the complaint, the directors ran the office of the company from 2011 to 2016 at 201/1 A second floor, Devine Valley located on Dewas Road.

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