Another investment scam surfaces against jewellery shop in Payyanur

Three people alleged that the managing director of Amaan gold cheated them after taking a sum of ₹38 lakh as an investment with an assurance to pay them the returns from the profit.

Another gold investment scam has surfaced in Payyanur after police registered cheating cases based on the complaint filed by three people against the managing director of Amaan gold jewellery shop at Perumba here.

Similar to the Fashion Gold Investment scam, the three in a complaint registered at the Payyanur police station, alleged that P.K. Moithu Haji, managing director of Amaan gold, who is a resident of Ramanthali, cheated them after taking a sum of ₹38 lakh as an investment with an assurance to pay them the returns from the profit.

The complainants are T. Noorudhin, a resident of Thrikaripur, T.P. Ibrahim, a native of Kunhimangalam, and K. Kunhalima from Perumba.

They claimed that the Jewellery MD took ₹15 lakh from Mr. Noorudhin in July 2017, ₹3 lakh from Mr. Kunhalima in February 2016 and ₹20 lakh from Mr. Ibrahim in October 2016 as an investment. However, he failed to pay them the assured money or the investment amount.

Meanwhile, the police have registered a case against Mr. Haji. Police said more people had come up with the complaint against jewellery shop and after further inquiry, more cases would be filed.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Sensex, Nifty Gain For Third Straight Day Led By Reliance Industries

<!-- -->The Indian equity benchmarks rose for the third session in a row on Thursday joining a global rally...

Ignoring merit in public job selection violation of Constitution: Supreme Court

Selections to public employment should be on the basis of merit and appointing people with lesser merit ignoring those who have secured more...

NC, PDP welcome India-Pak. agreement

Jammu and Kashmir regional parties, the National Conference (NC) and the People’s Democratic Party (PDP), on Thursday welcomed the India- Pakistan fresh agreement to...

Vivek Oberoi gives hilarious take to ‘Pawri ho rahi hai’ after...

Laughter is said to be the quickest remedy to any worry, and seems like Vivek Oberoi truly believes this. The actor, who was recently...

In “free, frank” atmosphere, India and Pakistan review situation along LoC...

AOC slams Biden and Harris over migrant detention centre ...

More Articles