Tribune News Service
Ambala, January 1
An Uttar Pradesh-based private finance company had reportedly duped several Army men and their friends and relatives of lakhs of rupees while promising them up to three-time return in a one-year period.
Agents of the finance company promised to pay me Rs1.7 lakh against the deposit of Rs62,100 after one year. Believing them, I invested Rs19,87,200, but even after one year, the company hasn’t returned even a single penny.
Mohd Shahidullah Seikh, complainant
Lured by the lucrative investment scheme, many of those working in the Army here and their acquaintances invested lakhs of rupees with Garvit Innovative Promoters Limited based at Gautam Buddh Nagar in Uttar Pradesh through their local agents.
Instead of getting the promised three-time return, the investors even lost their principal amounts.
One of the many duped investors, Mohd Shahidullah Seikh, who was posted as Havildar in the Army here, has approached the local police, which registered a case of cheating against the firm, the officials said here on Wednesday.
The complainant further stated that both the agents promised to pay him Rs 1.7 lakh against the deposit of Rs 62,100 after one year. “Believing them, I invested Rs 19,87,200 in their investment scheme, but even much after one year, the company hasn’t returned even a single penny,” he alleged.
According to the complainant, when he began inquiring about the company and their agents from his colleagues and acquaintances, many of them confided in him that they had also been duped in a similar fashion by the same persons.