Chennai: The economic economy of the City Police (EOW) has initiated Suo Motu’s actions against companies that issued colorful newspaper advertisements that offer eggs along with handsome returns for those who invest in the scheme.
The founder of the company was called to the EOW office and investigation found it did not have a license to find deposits from the public, said Director General of Police Abhay Kumar Singh.
The company account is frozen and all ordered deposits are returned.
On July 18, a police officer said, Rafrol Retails (OPC) Pvt.
Ltd., take advertisements in a newspaper that offers an investment scheme titled Eggmart – One offers interesting returns and 6 items a week for those who deposit 700 per year, others give good returns and 12 items a week for those who sank 1,400 a year and The third.
Give 24 eggs a week for a deposit of 2,800 per year.
Immediately, the advertisement became a viral on social media and company officials was called to the EOW office on July 20.
The founder of Sivam Narendran appeared before EOW officers in the appointed clock.
After the investigation, the investigator was directed to ensure that the company returned any deposit made with it by public public members online.
They are also notified to freeze online accounts to ensure the company will not be able to receive further deposits from the public.
Police also found that the branch of the company in Madurai has taken similar advertisements in a newspaper that offers livestock and farming goats along with interesting returns to be paid.
Rafrol Retail Officials (OPC) Pvt.
Ltd promised to return cash to 280 depositors.
The release issued by the EOW office has warned the general public to the fall of prey scheme asking for deposits by promising very high returns.
It asked the public to verify the authenticity of the company before making deposits.