Imphal, October 30 2010: After the Jainex International Trade (JIT) Market seam, another fraudulent collection of money from investors has come to light with the exposure of another shady investment company, Richa Trend Marketing Pvt (RTM).

Nambol police of Bishnupur police has registered a case following a complaint lodged with the Bishnupur SP alleging that over Rs 1.50 crore have been collected by four persons in the name of RTM investment company.

The case was registered on Thursday under section 420/423/120-B IPC, 4/5 PC and MCS (Price Chit and Money Circulation Scheme) Banning) Act 1978 .

The case was registered against four persons, Wahengbam Lokendro of Nambol Chingmang, Thokchom London Kumar of Singjamei Thokchom, Oinam ongbi Nabalata Devi of Wangkhei Yonglan Leikai and Iboyaima of Ghari Awang Leikai.

The complaints are L Surjakanta Sharma of Khoyathong Polem Leikai, his associate M Somen of Heirangoithong, Ahanthem Imo of Keishamthong Ahanthem Leikai, Thokchom Somorjit of Kwakeithel, H Jugin of Sagolband, A Ranbir Thouna of Keishamthong, Ranjit Taoremcha of Yumnan Huidrom and A Ibotombi of Keishamthong Ahanthem Leikai.

The complaint made through the Bishnupur SP stated that the four accused were the heads of RTM and they had collected Rs one crore from different persons and amount sum of Rs 46,85,000 also collected fraudulently from the complainants.

Lokendro is the head of the RTM in Manipur.

Money collected by the four was not handed over to the RTM office.

The four persons have amassed huge wealth and properties since in the five months.

It may be mentioned that the four had not deposited the amount collected from the investors including the complainants.

The complaint was lodged when requests for refund all the capital money, went in vain.

They could not get a positive response from the accused persons.

The accused no.2 and 3 assured that they shall refund the said amount but have so far failed to refund the said amount, they added.

It is pertinent to mention here that Singjamei police is already investigating into an alleged cheating of hundreds of investors by Jainex International Trade (JIT) Market.

Police had picked up 19 persons in connection with the case including Huidrom Nandakumar (55) of Khagempalli Panthak, an Executive Engineer in Manipur Development Society on October 15 after registering a regular case under section 420/423/120-B IPC and 4/5 PC and MCS Act 1978 .

After 17 of them were released on bail by a court, Nandakumar and another prime accused in the case Khuraijam Seityajit of Singjamei Chingamakha Oinam Leikai were sent to jail on Wednesday last.

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