Categories: Rajkot

Ponzi companies discuss a lot with a profitable scheme

Rajkot: A company in Kandorna Taluka Hours from Rajkot District cheats several customers with a PONZI scheme since 2018.
When depositors approached for payment, the company refused to pay them with bad business pretext due to demonetization.
However, when the company failed to pay even after the promised time, an investor first approached Congestion of Kandora who was seeking help, but when the police did not register the case, he sought assistance from a local court who ordered the police to submit a violation in this matter.
Complantinant Cariben Bagda told the police that he had deposited the RS 33,000 in 2011 with a company called Welcome Real Estate and Buildcon Private Limited.
The company has drifted various deposit schemes including a monthly, quarterly, semi-year and annual scheme and also appoints agents to convince people to invest in them.
The company promises to double the number of investments in five years, where the complainants have also invested.
But when he went to take a maturity number in 2018, the company said it was because their demonetization could not pay and ask him to wait around six months.
However, Bagda did not get the money back and finally in 2020 approached the police.
But the application was not quite tempting the police to start an investigation.
Finally, he registered a personal complaint with the court ordered the police to register his complaint.
The police found 20 more victims such as Bagda and initiated the process of recording their statements and verifying the document.
Police believe the number of fraud can rise because the investigation took place.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

SonÄ«pat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago