Mangalore : The public along with the support of DYFI, cracked down the fraud financial company running under the Bizarre Group from three years at City Light Building, Hampankatta on June 12, Monday.

The company, functioning under the banner of Bizarre Karnataka Franchise was run by a man from Kerala. The company had collected thousands of rupees from people from past three years assuring to pay a huge profits in the couple of years.

Reportedly, it is revealed that the company has cheated over 500 people including women at large numbers.

DYFI President Imtiaz said that the company had earlier collected the amount of Rs. 14,000 from each and promised returns of Rs. 2 lakh in two years. But when the investors came in to office asking for their money, they went on taking time.

When a group of investors called the company today, they were told that company owner has been arrested and the government has shut down the headquarters in Kerala.

They also said that MLA U. T. Khader and Chandrashekar Uchil, are the partners for the Mangalore branch, but when the later was called, but never turned up.

He further said that, when contacted on phone, Mr. Uchil promised to come to the office and The DYFI members said to continue their protest outside the office till a solution is found.

DCP Subhashchandra S. and Gaonkar, inspector of Bunder Police Station, visited the company and interrogated Dinesh, the company agent. He said that Rs. 28 crore has been deposited in the bank and that the company will pay all its investors without fail.

The DCP then urged the protestors to leave as the company and its agent, since he has promised to return the money soon.

The police have closed the office and seized the documents.