It was a too good to be true offer and it indeed turned out not to be true! Four people lost over Rs 3.75 lakh after falling prey to a tempting investment scheme that promised a daily profit of 2% to 4% on their total investment. The scheme also promised to return four times the capital invested at the end of 200 days.
Satellite resident Ravi Patel (50), a businessman who also dabbles in stock, got to know about Kolkata-based Bandhan Trading through one of his contacts. After he showed interest, an employee of the company got in touch with Patel through a phone call. The employee offered an investment scheme where Patel could earn a daily profit of 1% to 2% for 200 days. The investment in the scheme could range from R$ 498 to Rs 99,999.
The company also promised to return 4 times the capital invested at the end of the investment period. As per the complaint with the cyber cell, an account was created for Patel on the website. He was given an ID and password and Patel invested Rs 24,999. Initially, Patel received some profits after nine days. Later the company offered him another scheme to earn a commission on clients that he brought. Patel then convinced three of his friends to invest Rs 3.75 lakh in the company’s scheme.
But soon the employees who were in touch with Patel disappeared and their cell phones were switched off. The company’s website also stopped functioning.Patel realised he had been conned and approached the police.