Yogesh K Porwar & Siddarath Sethia
The Central Crime Branch officials on Monday busted a chain link ponzi scam operated by two men for the last two years in the city .
The accused identified as Muniraju GV and his associate Manju owned Akshay Fortune Developers firm with a office situated in MC Layout Govindaraja Nagar .
The accused who are presently on the run would offer 25 percent monthly interest for the investment and also offered to pay Rs.5,000 for every one lakh investment for every new investment they get .
The accused were running a chain link ponzi scheme and getting new investors through their customers who were lured with lucrative offers .
Based on a complaint,the CCB officials registered a suo-motu complaint and began to probe following which the accused went underground.
The police are now trying to track down the investors to ascertain the magnitude of the cheating amount and also for further investigation.
