TODAY -
Cheated investors form association
- Telegraph India -
Imphal, April 18:
Investors cheated by several fraud investment companies based abroad today assembled to chalk out a strategy to ban the entry of companies which siphoned off crores of rupees from Manipur in recent times.
The move followed after the latest company named Visarev which claimed to be based in Malaysia vanished after cheating crores of rupees from gullible investors of Manipur.
According to the cheated investors, the companies placed local agents in Imphal, collected money from gullible rich people through the agents by promising 100 per cent interest of the amount invested within 10 months or one year and then vanished after collecting crores.
Visarev reportedly cheated about 1,500 people, including senior government officials, politicians, contractors and even poor people.
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** This Post is uploaded on April 19, 2011.
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