Mangalore: A fake financial investment company, called the Global Index Investment Company operating from Karangalpady at Mahendra Arcade, duped out 2000 money investors of their wealth by false promises of doubling their invested amounts. Nothing of kind, it was realized when facts came to light on Friday (today) when the hoax was exposed. The owner was not known.
The GII Company was operating since one year, but stopped making returns to depositors in the last two months. Two conmen in the Company, Shekhar alias Purushottam Bhat (43) of Shishila in Belthangady taluk, and Ashok Kumar (44) of Kottara, with B.C.Road origins are taken into police custody today.
Over a 100 furious investors, who had deals with the business company doubling incomes, gathering at Kadri police station today, demonstrated to lodge a complaint against the owner, who is said to be connected with a Malaysian finance company, but it was not forthcoming in explanation convincingly.