Chhattisgarh: Satwant Singh Bhatia (62), a native of Chhuriya village had complained that the company which was set up in 2008 at Rajandgaon town, had embezzled around Rs 8 lakh which he had deposited in the firm in installments. Two directors of a chit fund company were arrested from Maharashtra for allegedly duping investors in Chhattisgarh’s Rajnandgaon district, police said on Sunday. According to the complaint, the company had assured the investors to either provide land at cheaper rate or double their money in six months. In 2014, the company wound up their operations and escaped from Rajnandgaon, the ASP said. Later during investigation, many other investors who had deposited their money in the company were found, Singh said adding as per preliminary information the company had duped the investors of around Rs 44 crore.

Source: Indian Express October 23, 2016 12:21 UTC