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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

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Discussion

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

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