Fake Advisory Firm Busted In Indore; Four, Including Owner Arrested For Investment Fraud

Indore (Madhya Pradesh): Police raided an office here and arrested four people, including the director of a fake advisory company on Tuesday. Laptops, tablets and mobile phones were also recovered from there. Police said that the accused duped people on the pretext of investment.

According to Pardeshipura police station in charge RD Kanwa, information was received that some people were running a fake advisory firm in an office on the second floor of Pahalwan Complex in Pardeshipura area. The police team raided the place and found that some youths were working on laptops and mobile phones. As they could not give satisfactory answers to the police’s questions, they were taken to the police station.

During questioning, firm director Harsh Solanki informed the police that he mistakenly received money from the person who had lodged a complaint about losing his money. However, police claimed that Harsh had been arrested earlier too for his alleged involvement with a fake advisory firm.     Harsh could not give information about the use of laptops and mobile phones.

Three laptops, a tablet and six mobile phones were recovered from the office. Information about the bank accounts and mobile numbers is being gathered to know the amount received and the role of the accused.    All accused, including Harsh Solanki of Musakhedi area, Sahil Nagwanshi, Sheetal and Harshita, were arrested and booked under various sections of the BNS.