The Economic Offences Wing (EOW) arrested a wanted agent of Dhenu Green Agro Producer Company Ltd in connection with a 2017 investment fraud case involving allegations that the company collected around ₹6.5 crore from the public by promising high returns and interest.
Lucknow : The Economic Offences Wing (EOW) arrested Satyanarayan Pal, an agent of a private company, from Gajner area of Kanpur Dehat in connection with a 2017 investment fraud case. The company is accused of collecting around Rs 6.5 crore from the public by promising high returns and interest.
The EOW further stated that the accused had allegedly collected and misappropriated approximately Rs 98.56 lakh from the public through the company.
The company’s CMD and directors promoted various investment schemes, allegedly promising attractive returns through their agents, according to investigators. Investors were made to deposit money with the company, against which allegedly forged bonds and receipts were issued. However, after the stipulated maturity period, investors allegedly neither received the promised returns or interest nor got their principal amounts back. Company officials subsequently shut their offices and allegedly went absconding. You Can Also Check: Gold Rate in Lucknow | Silver Rate in Lucknow | Bank Holidays in Lucknow | Public Holidays in Lucknow | Lucknow AQI | Weather in Lucknow | Petrol Price in Lucknow | Diesel Price in Lucknow | CNG Price in Lucknow | LPG Price in Lucknow