In Unnao, Uttar Pradesh, a chit fund company deceived people by promising to double their money within 15 days, and then absconded with crores. The fraudsters tempted investors with promises to double their money in a week to ten days. They persuaded individuals to invest in their company under the pretense of share trading and chit funds. Victims kept visiting the company for months, but when they found nobody, they protested at the company owner’s residence.
It was revealed that the company, Arbaaz Enterprises, was operating in Gangmuradabad within Bangarmau police station limits. The company owner enticed some people with a promise to double their money within 15 days, others within 10 days, and some within a week. Initially, they paid a few individuals, but when a large number of people invested, the company absconded with crores of rupees.
Source: aajtak
Many women invested by pawning their jewelry, thinking they would redeem it once their money doubled. After collecting significant funds, the company vanished. For months, people kept visiting the company premises. Eventually, enraged individuals caused a ruckus at the company owner’s house, requiring police intervention to restore calm.
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Victims claimed they were tempted by the promise of doubled money and persuaded friends to invest lakhs. However, upon visiting the office, they only received false promises of new dates. Many women had even pawned their jewelry for this investment. Former councilor Sunil Kumar revealed that Ayad, Kashan, Amir, and Adnan operated the company. Misled by their promises, he invested ₹53 lakhs on behalf of ten friends. Now, neither the perpetrators nor the money can be found.
Seema, another victim, said she persuaded many people to invest in the company in Gangmuradabad. She alone invested ₹4 lakhs. With no husband, no home, and young children, she is devastated without a breadwinner, while the fraudsters have disappeared.
Source: aajtak
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Ayan, Kashan, Amir, and Adnan from Gangmuradabad in Bangarmau police station limits started the chit fund company. They swindled hundreds of people by promising to double their money within 15 days. Initially paying out money, they fled with crores when many invested.
Bangarmau Circle Officer Arvind Chaurasia said that four months ago, there was another false loot case involving chit fund operatives, which had been resolved. A case was filed based on complaints then, but the victims did not follow up. Now the protests have resumed.
People accuse Ayan and his family of luring the public with promises of doubling their money in 15 days. They have filed complaints against Ayan and his family based on their statements, and action is being taken on the matter.
