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Chit fund company MD booked for Rs 38L fraud | Ludhiana News


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LUDHIANA: The police have booked the managing director of a chit fund company for allegedly duping hundreds of people on the pretext of investing in a lucky draw scheme. 634 victims have lodged complaints against the accused and alleged that he had duped them of Rs 38 lakh.
Following an investigation, the Dehlon police have lodged an FIR against Sukhchain Singh, managing director of Parivar Star Hum Tum Company.
One of the complainants, Amrik Singh, stated that the accused had opened an office in Bachittar Nagar near Guru Nanak Dev Engineering College on Malerkotla road and invited people to invest money in the company. The accused made people invest Rs 1,000 per month in the company for one year on the assurance that he would organise a lucky draw every month and the winner would not need to pay the rest of the instalments. The accused also promised that the people who would not win the lucky draw, would get assured gifts. ....

Bachittar Nagar , Ashwani Kumar , Amrik Singh , Sukhchain Singh , Guru Nanak Dev Engineering College , Parivar Star Hum Tum Company , Parivar Star Hum Tum , Ludhiana News , Ludhiana Latest News , Ludhiana News Live , Ludhiana News Today , Today News Ludhiana , Rs 38 Lakh Fraud , Md Booked , Chit Fund Company , பச்சிட்டர் நகர் , அஷ்வானி குமார் , அம்ரிக் சிங் , சுக்சைன் சிங் , குரு நானக் தேவ் பொறியியல் கல்லூரி , பரிவார் நட்சத்திரம் ஓம் டம் நிறுவனம் , பரிவார் நட்சத்திரம் ஓம் டம் , லூதியானா செய்தி , லூதியானா சமீபத்தியது செய்தி , லூதியானா செய்தி வாழ , லூதியானா செய்தி இன்று ,