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Thousands of investors India After getting caught up in a Ponci project, it is trying to compensate nearly US $ 100 million, which promised short -term investments for higher income, a police report and many victims reported.
The Indian Police arrested two persons on Saturday after a case was filed on the Balkan invoice waiver, promising to pay 22 per cent of the depositors with options. Amazon And biscuit producer Britania.
Balkan has collected Rs 17 billion (about US $ 196 million) from nearly 7,000 investors since 2021, but only half has been repaid, according to a report by the police in the southern state of Telangana.
Ankit Bihani, from New Delhi, met with 50 investors last week and retrieved 500 million rupees that claimed that they had lost their actions, including legal solutions.
“Most of them (investors) learned about the investment base through social media,” Bihani said.
Balkan used the new investors to pay money to the old and returned the rest of the fund to various shell companies, police said. Officials are hunting for Balkan’s founder and the main accused, Amitabh Kumar, a source said.
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