Tuesday , 18 June 2019
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Firm takes investors for a ride; FIR registered against two



The Economic Offences Cell (EOC) of the Goa police has registered an FIR against two directors of a firm on charges of allegedly cheating several investors to the tune of over Rs 10 lakh.

Police said that Rajendra Kardile and Ranjana Kardile are residents of Pune- Maharashtra and directors of Dhanyog Development of Dream Marketing.

The alleged accused hatched a criminal conspiracy and induced the investors / depositors to invest in the firm with the promise of 7 per cent to 15 per cent monetary returns on the invested amount, informed the police.

They dishonestly misappropriated public fund and failed to repay the promised returns and fled away, thereby, cheating the investors / depositors to the tune of around Rs 10,36,400, the police said.

Police said that the firm was not having permission of Reserve Bank of India and securities and exchange board for accepting deposits and investment.

According to the police, the firm had an office in Mumbai and had also opened an office at Morjim in Pernem taluka wherein they were accepting investments in cash, through pigmy deposit scheme since 2012.

Police said that after the maturity date, investors did not receive money as promised by the firm and also the office at Morjim was closed down.

In connection with the case, an offence has been registered under various sections of the IPC including 420 (cheating and dishonestly inducing delivery of property) and also under the Goa Protection of Interest of Depositors (in financial establishment) Act. Police are on the lookout for the alleged accused.

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