India News | 2 Held for Duping Investors of over Rs 200 Crore
Get latest articles and stories on India at LatestLY. Two persons have been arrested by the Economic Offences Wing (EOW) for allegedly cheating investors of over Rs 200 crore by floating bogus schemes, police said on Wednesday.
Chennai, Oct 7 (PTI) Two persons have been arrested by the Economic Offences Wing (EOW) for allegedly cheating investors of over Rs 200 crore by floating bogus schemes, police said on Wednesday.
A case was registered on the direction of the Madras High Court against Dewan Housing Finance Corporation Limited and others for allegedly cheating the investors through bogus schemes and non-repayment of Rs 218 crore, a police release here said.
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The accused Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan were produced by the EOW before a special court for cases under The Tamil Nadu Protection of Interest of Depositors Act for judicial remand, the release said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)