Jaipur - 300 Crore MLM scam Gold Sukh Trade India Limited - 23 Nov 2011 - India

Manish Sharma, STAR News Correspondent
Wednesday, 23 November 2011 14:02

Gold Sukh owners flee allegedly with Rs 300 crore of investor money

Jaipur: Four directors of Gold Sukh Trade India Limited, an investment company, have allegedly fled away with Rs 300 crore of investor money in Jaipur on Wednesday.

Hundreds of agitated investors were protesting outside the Civil Lines office. The agitators had arrived at the office to collect their promised payment.

It is being assumed that they might have swindled more than Rs 300 crore of investors' money. The company attracted investors by using their members' deposits to purchase gold. In return the company promised handsome gains to the investors on their money.

The company promised the investors that they will provide 100 times more profit in 15 months in the investment of gold but the company dodged the investors and flee away.

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[potterbond007]

seriously?? 150% increase in your investments in two and a half years?? how is that even possible? isn't such outlandish claims reason even to detect the fraud.. people were just greedy