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This is an archive article published on February 14, 2012

Rs 200 cr scam: Businessmen caught

Three businessmen,who were arrested for allegedly duping investors through a multi-level marketing firm.

Three businessmen,who were arrested for allegedly duping investors through a multi-level marketing firm,have invested around Rs 200 crore in several properties,police said here today.

The trio,who were arrested on Sunday,have told police during interrogation that they had invested around Rs 200 crore in properties in Rajasthan and several other places.

“During investigation,it came to light that Trilok Chand Chabada,his son Saurabh and brother Kailash invested around Rs 200 crore in property at different places. They were also operating 40 bank accounts in which Rs 72 crore was deposited,” a police official said.

The three,who were nabbed from Jodhpur district,had duped the investors by promising high returns on their investment,he said,adding that several cases of fraud are registered against the Bhilwara-based company.

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