Left Menu
Development News Edition

Four Indore-based proprietors held for allegedly cheating investors


Four proprietors of various investment advisory firms operating from Indore have been arrested for allegedly cheating investors of thousands of crores of rupees all over the country, police said Saturday. Cyberabad police said in a release Rs 3.63 crore has been seized from the firms. Acting on separate complaints, a police team visited Indore and conducted raids on the firms and apprehended the accused with the help of local police and SEBI, Indore, it said. The complainants alleged that they were asked to take their tips for share trading and made to pay registration and other types of fees. The firms allegedly did not provide the tips or the tips provided by them were not useful, according to the release.

(With inputs from agencies.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

Videos

Latest News

Highest point of my career was receiving the Test cap: Pragyan Ojha

After announcing his retirement from all formats of the game, spinner Pragyan Ojha on Friday said that the highest point in his career was receiving the Test cap. First of all, I would like to thank everyone who has been a part of my journe...

No play on second day of J&K-Karnataka Ranji QF because of wet ground conditions

The second days play in the Ranji Trophy quarterfinal match between Karnataka and Jammu Kashmir was called off without a ball being bowled because of wet ground conditions here on Friday. Despite the sun shinning brightly on Friday, water ...

Senegal's start-up act to boost female-led business in first for West Africa

Senegals start-up scene is dominated by men, the laws are complex and the taxes are high - all reasons why talented businesswomen from the West African nation shy away from creating companies, said entrepreneur Seynabou Thiam.They tell them...

Trump visit: Tulips, dahlias, floral boards to adorn prominent spots in Lutyen's Delhi

Tulips and multi-colour hybrid dahlias besides floral boards will adorn various prominent spots in Lutyens Delhi to welcome US President Donald Trumps and other dignitaries, an official said on Friday. Various prominent spots, including rou...

Give Feedback