Thrissur: Financial fraud again in Thrissur. The complaint is that they cheated by accepting deposits from non-residents by quoting 12 percent interest in the name of non-resident group of companies. Since last February, there is no principal and no interest. One lakh to thirty five lakhs are lost.
10 Crores were cheated out of 100 people. Investors also complain that the company owners are being protected by the police despite filing a complaint with the police. The fraud was committed from many parts of Thrissur district. The fraud was done by giving huge promises to the investors.
Each person invested the money saved by working in the name of this company. There is no interest and principal since last February. With the company’s offices closed, investors are in a state of flux.
