you're reading...

Private Firm dupes investors of Rs. 500 crore

Bureau Report
Agence India Press

Noida: A private foreign exchange trading company in Noida has duped investors of more than Rs.500 crore, said the police.

The matter came to light on Monday evening when investors found the office of the firm closed all of a sudden.

According to the station house officer at the Sector-58 police station, Noida Hari Mohan Singh “The firm Endmark Forex Services Private Limited had shut its premises after cheating more than a hundred investors of over Rs. 500 crores”

On its website http://www.endmarkforex.com, EndMark Forex Services Pvt Ltd says it is a registered company with a Forex Training Centre in the UK, Forex Research Centre in USA and a Business Development Centre in Hong Kong.The firm, also claimed to have offices in London, Texas and Hong Kong.

The company offered people to invest with them in rupees, promising to further invest the money in different financial businesses in different countries, worldwide.The investors fell in the trap after receiving assurance that they would get bank guarantees.

However, when the company delayed payment and started showing reluctance to do it, the investors started thronging its office.

We were being paid for the past six months. Interest payments have stopped since last week. This made us check the premises of the company in Sector-18, Noida, which we found closed,” says Sunil, who invested in one of the schemes.

A case has been registered against Endmark’s director Mayank Gupta and employees Deepanshu Gupta, Ravindra, Neha Chauhan, Archana and others.

Copyright © 2011 AIPTV. All rights reserved. http://agenceindiapress.com


About aipworld

Agence India press (A.I.P) is a first multimedia Business news agency from North India (Kashmir). Today it is one of the major news agency in the sector of media committed for providing best services with over 12 bureaus in State and across the India and outside Country. Agence India Press is also working on assignments to do which definitely are helping us to target more and more clients or subscribers, and also chance to cover maximum filed of news, feature and story. We cover almost all major areas of Jammu & Kashmir, and rest part of country interests to viewer including news, entertainment and life styles, health and science, business, sports, Human- interest feature, natural disasters, social, economic and developmental issues. Agence India Press is also working in different sectors like; Book Publishing, Book Distribution, Export Business, Music studio, Orchestra, Music Company and Service providers. Agence India Press takes revolutionary steps as the first Kashmir based international news network, in English, Arabic, Urdu, French, Dutch and Hindi.


One thought on “Private Firm dupes investors of Rs. 500 crore

  1. people neha chauhan is not the culprit …please tell the police to leave her … she just did the marketing and hsa been cheated by mayank gupta in every phase of her work…

    he is a cheater…
    neha chauhan is not the accuesd or not the one who should not punished

    Posted by guest | January 12, 2011, 4:23 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

January 2011
« Dec   Feb »
%d bloggers like this: