Dehradun, 3 Oct: A case of financial fraud has surfaced in the city, in which a company allegedly trapped local residents by offering high interest on schemes such as RD, FD, and DDS.
Initially, some depositors were given their money back after maturity, but in recent months the company stopped making payments. Complaints started when depositors were not returned their money even after their accounts matured.
Police said the company directors and founders have now absconded from their home in Saraswati Vihar, Nehru Colony. The investigation also found that the money collected was deposited in several bank accounts of the company and in the personal account of director Neelam Chauhan.
