UP-based financial firm booked for cheating investors in Goa


Panaji: Goa Police have filed FIR against the officials of Uttar Pradesh-based financial company for duping 1,000-odd investors from the coastal state to the tune of Rs 10 crore.

The First Information Report (FIR) was filed against Mathura headquartered Karmabhoomi Infratech Realty Limited on Monday, a senior official of Economic Offences Wing told reporters.

The FIR is filed against company’s Chairman Devendra Pal Singh, Managing Director Manoj Kumar Sengar and Area Manager Nilesh Surve, he said.

They are booked under relevant sections of Indian Penal Code and also under the Goa Protection of Interests of Depositors (In Financial Establishments) Act, 1999.

The company had set up its office in Ponda and Mapusa in the year 2013 and 2018 respectively offering high returns to the investors through their financial schemes.

“A group of investors filed complained with the Economic Offences Wing of Goa Police when the company stopped giving maturity amount to the investors since last three years,” the official said.

Around 1,000-odd investors to the tune of Rs 10 crore that also includes the matured amount were cheated by the company, he said.


Please enter your comment!
Please enter your name here