Pramesh S Jain & Yogesh K Porwar
The CCB officials on Tuesday arrested two people who are operating investment company illegally luring people with huge returns for their investments.
Based on a trip off,a team of officials from Economic offence Wing,raided Pramya international,situated in Konanakunte and arrested the accused.
Probe revealed that the accused are operating the company for over one year having over 700 investors with a approximate investment of Rs.25 crore .
The accused were suspected to have running the business based on ponzi scheme offering huge returns had purchased several movable and immovable properties in their name using the investment money.
They accused started avoiding the the investors and planned to wind up the firm and escape,before they were caught .
The police have seized cash Rs.7 lakh from them along with the documents for further investigation.
