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Mumbai: TV actor Anuj Saxena gets bail in ₹141 cr cheating case

Mumbai: TV actor Anuj Saxena gets bail in ₹141 cr cheating case
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AAA-rated company FDs offer over 6% returns, but consider risks

AAA-rated company FDs offer over 6% returns, but consider risks
Times have changed. You have stringent regulations around which companies can float such FDs, but remember that company FDs are unsecured. In case a company goes insolvent, depositors will be the last ones to get paid. That said, invest with companies with good profitability and rating
Representative Image
At a time when interest rates in the economy are at historic lows, hunting for extra yields is in everyone s mind. This drives many people to company fixed deposits (FDs) because bank FDs are not offering good returns. State Bank of India is giving 5.30 per cent interest rate on three to five years FDs. Alternatively, most high-rated company FDs are offering more than 6 per cent interest rate. But returns should not be the only criteria to take an exposure in it. ....

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Kumkum actor and Pharma company COO Anuj Saxena arrested by EOW for duping investors of Rs. 141 crores : Bollywood News

Bollywood Hungama
Bollywood Hungama News Network
Updated: May 3, 2021 - 1:39 PM IST
Television actor Anuj Saxena, popular known for starring in the show Kumkum, is also the COO Chief Operating Officer (COO) of Elder Pharmaceuticals. He was recently arrested by Mumbai Police’s Economic Offences Wing (EOW). The actor has been alleged for duping an amount of Rs. 141 crores.
The EOW sought Anuj Saxena s custody for the fraud. But, the actor denied the EOW s plea stating that he is a medical practitioner and manufactures items like sanitisers and kits which are essential during the current times when the second wave of COVID-19 has hit the nation. ....

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Mumbai: TV actor, COO of pharma firm held for duping 20K people of 141cr | Mumbai News

Picture for representational purpose only.
MUMBAI: The city economic offences wing (EOW) on Thursday arrested Anuj Saxena, TV actor and chief operating officer (COO) of Elder Pharmaceuticals for allegedly duping 20,000 depositors to the tune of Rs 141 crore. Police have frozen several bank accounts of the firm which has around Rs 250 crore in it. The cheating amount in the FIR is around Rs 8.5 crore. However, as per bank records, investors have deposited around Rs 141 crore, said an officer.
FIR has been registered under various sections of the IPC for cheating and criminal conspiracy and also invoked sections of stringent Maharashtra Protection of Interest of Depositors Act, 1999. The complainant had told the police that the firm had come up with interest-based deposit schemes and he invested in a fixed deposit scheme. Many depositors who invested in 2012 did not get returns even after maturity in 2015. The company had assured that investors would get their money back, ....

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