Bhopal: Jaipur Firm Booked For Duping Investors Of ₹1.77Cr

Bhopal: Jaipur Firm Booked For Duping Investors Of ₹1.77Cr

As the investors came in confidence, they deposited huge amounts into the firm.

Staff ReporterUpdated: Thursday, February 01, 2024, 01:28 AM IST
article-image
Representational Image

Bhopal (Madhya Pradesh): The Special Task Force has registered a case against a Jaipur-based firm for allegedly duping investors of around Rs 1.77 crore in the name of doubling the amount, said officials on Wednesday.

SP, STF, Rajesh Singh Bhadoria said that a complaint was submitted to ADG Pankaj Kumar Shrivastava about the fraud committed by the company. The ADG had formed a team to investigate the case.

The SP said that the company had opened offices in four cities—Bhopal, Indore, Jabalpur and Chhindwara and lured investors promising double of the invested amount in a year. In the beginning, the company ‘kept its promise’ and gave the promised amount to the investors.

As the investors came in confidence, they deposited huge amounts into the firm.

“One of the investors had deposited Rs 54 lakh, one had put all the money from his property as investment and someone had postponed marriage as they wanted to make it grand after a year of investment,” he said.

Amount may cross Rs 200: SP

The SP said that at present eight people have filed a complaint, but there may be thousands of investors and the amount may cross Rs 200 crore.

He also added that according to the RBI guideline the non-banking companies can give 12% interest on the investment not more than that.

RECENT STORIES

MP: Congress Extends Support To AIFB Nominee In Khajuraho LS Seat

MP: Congress Extends Support To AIFB Nominee In Khajuraho LS Seat

Bhopal: Partially-Naked Body Of Faridabad Woman Found In Hotel, Two Held

Bhopal: Partially-Naked Body Of Faridabad Woman Found In Hotel, Two Held

Bhopal: Simhastha 2028 Expected To Attract Around 12 Cr Pilgrims

Bhopal: Simhastha 2028 Expected To Attract Around 12 Cr Pilgrims

Overheard In Bhopal: Confused Officials, Office Chaos, Political Moves & More

Overheard In Bhopal: Confused Officials, Office Chaos, Political Moves & More

Bhopal: Rly Ticket Touts Beat Passenger At Reservation Bldg

Bhopal: Rly Ticket Touts Beat Passenger At Reservation Bldg