Operators running gold and silver investment schemes promise ponzi plans of 300% reutrns in two years
Recently, a Rajasthan-based company Abhinav Gold International splashed a halfpage advertisement in major regional Gujarati newspapers, promising investors the moon if you make a one-time investment of Rs 6,000, you get Rs 1.72 lakh in two years. Abhinav Gold claimed to be a subsidiary of the Birla group and said it had been dealing in gold for the past 32 years.
Rajesh Rajyotish, 39-year-old deputy manager from a multinational insurance company in Surat, found the offer too hot to resist and made his investment. He received money on a monthly basis for 6 months but the payouts from the company stopped thereafter. And Rajyotish filed an FIR with the Surat police.
But this is not an isolated case.
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