The FIR was registered on the complaint of one of the investors Lakshay Kumar. He had invested a sum of around Rs 2 lakh and was assured a return of Rs 5 lakh after 12 months. The prosecution alleged the accused persons disappeared after some time.
A Delhi court has denied bail to a man accused of cheating people by inducing them to invest money in different schemes promising exceptionally high returns, saying economic offences were "posing serious threat to the financial health of the country".